HILL, Circuit Judge.
Appellants initiated this action by petition in the Tax Court for a redetermination of a deficiency set by the Commissioner on their joint tax return for the tax year of 1962. The deficiency added $47,121.25 to the income reported by appellants on their return. The Tax Court denied appellants' petition and they appeal from this decision.
Appellants are the sole stockholders of Intermountain Electric Company, Inc., an electrical contracting...
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