MEMORANDUM*
COHN, District Judge.
This is an income tax refund case. Plaintiff alleges that he was wrongfully assessed for a deficiency in the payment of his 1975 and 1976 income taxes because the Internal Revenue Service refused to recognize ordinary losses and short-term capital gains resulting from trading in puts and calls on the London Metals Exchange (LME). Defendant has moved for summary judgment on the ground that the...
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