JONES, Circuit Judge.
The petitioner, Sam E. Broadhead, herein called the taxpayer, had been in the business of running a sawmill. In the latter part of 1945 he began the operation of a lumber yard. This change in the nature of his business required the use of lumber inventories in the computation of his 1946 Federal income tax. This he had not before done. Most of the lumber on hand at the beginning of 1946 had been acquired in 1945. The taxpayer claimed lumber should...
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