STRUM, Circuit Judge.
This is a petition to review a decision of the Tax Court which sustained deficiency assessments in petitioner's income taxes for the years 1943 and 1944.
The 1943 deficiency arose as follows: Petitioner is a national bank. In 1934, it owned all the stock of Merchants Securities Corporation, which dealt in securities. As the Banking Act of 1933, 12 U.S.C.A. § 377, prohibited such affiliation after June 16, 1934, liquidation of the...
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