ATKINS, Judge:
The respondent determined deficiencies in income tax against the petitioner for the taxable years ended May 31, 1956, and May 31, 1957, in the respective amounts of $1,471.69 and $5,025.28.
The sole issue presented is whether the amount paid by the petitioner to its lessee to obtain cancellation of the lease is properly amortizable over the term of a new lease entered into with a different tenant for a substantially longer term or over...
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