The respondent determined deficiencies in income tax against the petitioner of $16,385.08 for the taxable year ended July 3, 1959, and $6,254.12 for the taxable year ended July 2, 1960. The parties have stipulated that petitioner's taxable income for the taxable year ended July 3, 1959, is increased in the amount of $14,362.79 as the result of a partial disallowance of a loss claimed on the sale of real estate rather than the amount of $19,284.66 shown in the notice of deficiency...
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