Respondent determined a deficiency of $188,248 in petitioner's Federal income tax for the taxable period July 1 to December 6, 1967. The issue for decision is whether petitioner, which received and reinvested a $725,000 condemnation award, must include in income for that period $392,184, or any part thereof, on the ground that such amount was paid for something other than property involuntarily converted...
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