WITHEY, Judge:
The respondent determined a deficiency of $14,342.52 in the income tax of the petitioner for 1952. Issues for determination are the correctness of the respondent's action in failing to determine that the amounts of $85,000 and $11,272.40, received by petitioner pursuant to certain transactions involving "casinghead gas" contracts, constituted long-term capital gain and were taxable as such.
FINDINGS OF FACT.
Some of the facts...
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