Memorandum Findings of Fact and Opinion
HARRON, Judge:
The Commissioner has determined deficiencies in income tax and declared value excess profits tax for the year 1942 in the amounts of $13,697.66, and $4,856.37, respectively.
In determining the deficiencies, the respondent has increased the amount of the net capital gain realized by petitioner in 1942 upon the sale of its interest in borax deposit property. The increase in net capital gain results...
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