RIVES, Circuit Judge.
This appeal involves income taxes for the fiscal years ending June 30, 1954 and June 30, 1955. The sole question is whether property sold as a result of the threat or imminence of condemnation must be sold to the condemning authority in order to have the benefit of the non-recognition of gain provisions of Sec. 1033 I.R.C.1954, 26 U.S.C.A. § 1033.
Gain from the sale of property is of course, taxable unless the transaction falls within...
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