Memorandum Findings of Fact and Opinion
QUEALY, Judge:
Respondent determined a deficiency in petitioners' Federal income tax for the calendar year 1969 in the amount of $164, 425.52.
The remaining issue for decision is whether a series of transactions, whereby the indebtedness of the partnership in which the petitioner had an interest to the First National Bank of Chicago was repaid, resulted in a distribution of earnings and profits by Henry Crown...
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