STERRETT, Judge:
By letter dated April 6, 1978, respondent determined a deficiency in income taxes due from petitioners for their taxable year ended December 31, 1974, in the amount of $20,625. The issues for decision herein are: (1) Whether there was a second inspection of petitioners' books and records within the meaning of section 7605(b), I.R.C. 1954, and (2) the character, as currently deductible or capital, of certain claimed demolition expenses. A third...
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