Memorandum Findings of Fact and Opinion
DISNEY, Judge:
This proceeding is for the redetermination of a deficiency in income tax asserted against the petitioner for the year 1945, in the amount of $971.99. The only question for us to decide is whether the petitioner is entitled to a deduction for a bad debt, or a loss, alleged to have been sustained as a result of purchasing 100 shares of its own capital stock, for $13,122.21.
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