Sam E. Scott - Page 24

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             4(b), Income Tax Regs.  Thus, we hold that petitioner is liable for                                  
             the accuracy-related penalty for the substantial understatement of                                   
             tax.                                                                                                 
                    To reflect the foregoing and the concessions of the parties,                                  


                                                                    Decision will be entered                      
                                                            under Rule 155.                                       

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