LINDLEY, District Judge.
Petitioner seeks review of a decision of the Board of Tax Appeals wherein the latter sustained the Commissioner's determination of a deficiency in petitioner's income tax for the year 1936 upon the theory that a voluntary reduction of mortgage indebtedness in the sum of $7,000 constituted income to petitioner.
Petitioner in 1928 purchased certain real estate for $29,000, paying $10,000 in cash and assuming a mortgage indebtedness of...
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