United States Tax Court July 26, 1962, Docket No. 86493 (Grant v. Commissioner)

lead-opinion

Mulroney, Judge:

The respondent determined deficiencies of $21,318 in the petitioner’s income tax for each of the years 1956 and 1957. The sole issue is whether petitioner realized taxable income in each of the years 1956 and 1957 through certain stock acquisitions.

FINDINGS OF FACT.

Some of the facts were stipulated and they are herein included by this reference.