The respondent determined a deficiency in income tax against the petitioner's predecessor, First Western Bank & Trust Co., for the year 1958 in the amount of $137,333.85.
The only issue for decision is whether First Western Bank & Trust Co. physically abandoned a certain building and certain building accessories, equipment and fixtures during 1958 and thereby sustained a loss deductible under section 165(a) or section 167(a) of the Internal Revenue Code of...
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