Petitioner seeks a redetermination of a deficiency in corporate income taxes for the year 1940 in the amount of $7,525.04. The sole issue is whether petitioner is entitled to the deduction taken upon its return in the amount of $32,370 as a loss realized upon the disposition of 390 shares of capital stock of Spirella Co. Western, Inc. (hereinafter referred to as Western), which the latter acquired from petitioner in December 1940.
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