MURDOCK, Judge:
The Commissioner determined deficiencies in income tax of $2,342.59 for 1947, $539.82 for 1948, $616.92 for 1949, and $705.26 for 1950. The issues for decision are whether $3,250 received each year by the petitioner from the Commonwealth of Massachusetts was exempt income under section 22(b) (5) and whether the gain from an exchange of 1 share of stock of T. F. Kelley Company, Inc...
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