SPARKS, Circuit Judge (after stating the facts as above).
The question presented is whether petitioner is entitled to a deduction of $31,058.54 from the 1920 income on account of a loss sustained within that year due to the voluntary removal or demolition of its building incident to remodeling such property.
The statutes and Treasury regulations relative which are involved in this question are as follows:
Revenue Act of 1918, c. 18, 40 Stat. 1057,...
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