United States Board of Tax Appeals April 8, 1941, Docket No. 100444 (G & C Frost Co. v. Commissioner)

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United States · · · 08-04-1941

*97OPINION.

Van Fossan:

The petitioner contends that it realized no taxable gain from the cancellation of its lease with the bank but, on the contrary, sustained a loss in the transaction.

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