The question involved here is whether the value of petitioner's real estate was properly determined in reaching its actual net worth. The petitioner was a real estate corporation which was legally dissolved on January 8, 1954. At that time it was the owner of a building and land in New York City which it carried on its books at a value of $2,973,612.12. In December of 1953 when the board of directors was considering selling the property or liquidating the corporation it had...
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