REVERSED.
O'CONNELL, J.
This is a suit to set aside an order of defendant assessing a tax deficiency against plaintiffs. Defendant appeals from a decree of the Oregon Tax Court overruling defendant's demurrer to plaintiffs' complaint. 2 OTC Adv Sh 49 (Dec. 1964).
Plaintiffs sold certain property at a price which resulted in a capital gain. The full amount of the capital gain was applied upon the purchase price of residential property for plaintiffs...
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