HAMBLEN, Judge:
Respondent determined a deficiency in petitioner's Federal income tax for the fiscal year ended June 3, 1978, in the amount of $1,221,784.
After concessions by the parties, the issue for decision is whether for the fiscal year ended June 3, 1978, petitioner is entitled to use the cash receipts and disbursements method of accounting for its farm income from two of its subsidiary corporations, or whether that income must be reported on...
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