This proceeding involves the determination by the respondent against petitioner of a deficiency in income tax for the calendar year 1941 in the amount of $11,301.18, all of which is in controversy.
The deficiency is due primarily to two adjustments to petitioner's net income as disclosed by his return in the amounts of $35,669.06 and $1,100, respectively, which were explained in a statement attached to the deficiency notice as follows:
(a) The long-term capital...
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