WALTER E. HOFFMAN, District Judge.
The issue in this case is whether a department store's loss on the sale of common stock of one of its suppliers is a deductible business expense or a capital loss under the circumstances presented.
Plaintiff has for many years operated a substantial retail department store in the main business district of Norfolk, Virginia. Since 1951 it has also operated a branch at Virginia Beach, and, shortly thereafter, opened a branch...
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