SCHNACKENBERG, Circuit Judge.
H-H Ranch, Inc., an Illinois corporation, petitioner (taxpayer), seeks review of a decision of the Tax Court of the United States, which decided that there is a deficiency in federal income tax due from taxpayer for the taxable years 1958 and 1959 amounting to $7,586.37 and $15,568.91, respectively.
The decision of the Tax Court is based upon its findings, the essentials of which, in summary, follow.
All of taxpayer's...
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