Memorandum Findings of Fact and Opinion
TRAIN, Judge:
Respondent determined deficiencies in the income tax liability of The Montgomery Co. for the calendar years 1953 and 1955 in the amounts of $7,975.67 and $80.30, respectively.
The sole issue for decision is whether petitioner sustained a deductible loss under the provisions of section 165 of the 1954 Code by reason of the demolition of certain buildings in 1955.
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