In this petition for review the basic facts are not in dispute. However, the taxpayer seeks to reverse the Tax Court's holding that fourteen out of sixteen parcels of real estate were held by it primarily for the sale to customers in the ordinary course of its trade or business, rather than, as it contended, as capital assets, within the meaning of § 1221(1) of the 1954 Internal Revenue Code, 26 U.S.C. &...
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