Court of Appeals for the Fifth Circuit July 21, 1954, 14719_1 (Kanawha Gas & Utilities Co. v. Commissioner of Internal Revenue)

RIVES, Circuit Judge.

The petitioner seeks review of a decision of the Tax Court reported at 19 T.C. 1017 involving deficiencies in income tax for the year 1943. The issues relate to the basis to be used in computing profit on the sale of natural gas wells acquired by the purchase of the stock of eight corporations in 1929.