The respondent determined deficiencies in the petitioner's income taxes as follows:
1950 -------------------------------------- $7,105.72 1951 -------------------------------------- 9,999.62 1952 -------------------------------------- 19,294.47
In view of certain concessions made by petitioner, the only question for our decision is whether the petitioner's basis in certain property is the same as it was to its transferors, i. e., $69,291.93...
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