The Commissioner determined a deficiency in income tax for the fiscal year ended May 31, 1947, in the amount of $30,650.
Several adjustments have been agreed upon and can be reflected in a Rule 50 computation.
The only remaining issue is whether petitioner realized taxable gain from the sale of 15,143 shares of its treasury stock.
FINDINGS OF FACT.
The stipulated facts are so found and the stipulation incorporated herein by reference.
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