Memorandum Findings of Fact and Opinion
STERRETT, Judge:
Respondent determined a deficiency in the corporate Federal income tax of petitioner, Power-Line Sales, Inc., for its taxable year ended May 31, 1971 in the amount of $108,607. Concessions having been made by the parties, the issues remaining for decision are as follows:
(1) Whether the principal purpose motivating petitioner's acquisition of Sudmeier Enterprises, Incorporated, a loss corporation...
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