PARTIAL LIQUIDATION.—As used in this section the term "amounts distributed In partial liquidation" means a distribution by a corporation in complete cancellation or redemption of a part of its stock, or one of a series of distributions in complete cancellation... Reports of the Tax Court of the United States - Page 594by United States. Tax Court - 1948Full view - About this book
| United States. Internal Revenue Service - 1926 - 434 pages
...treated as in part or full payment in exchange for the stock so canceled or redeemed. The phrase " amounts distributed in partial liquidation " means...cancellation or redemption of all or a portion of its stock. A complete cancellation or redemption of a part of the corporate stock may be accomplished, for example,... | |
| United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 pages
...shall apply only if the cancellation or redemption is made after January 1, 1926. (h) Definition of partial liquidation.—As used in this section the...cancellation or redemption of all or a portion of its stock. SEC. 116. EXCLUSIONS FROM GROSS INCOME. In addition to the items specified in section 22 (b), the following... | |
| United States - 1928 - 1164 pages
...earnings or profits accumulated after February 28, 1913, shall be treated as a taxable dividend. "(g) As used In this section the term 'amounts distributed...cancellation or redemption of all or a portion of its stock." The other subdivisions were the same as In the Act of 1926. Provisions on the same subject, and, in... | |
| United States. Internal Revenue Service - 1931 - 502 pages
...shall apply only if the cancellation or redemption is made after January 1, 1926. (h) Definition of partial liquidation.—As used in this section the...cancellation or redemption of all or a portion of its stock. ART. 621. Dividends.—The term " dividends " for the purpose of Title I (except when used in sections... | |
| United States. Bureau of Internal Revenue - 1933 - 452 pages
...profits accumulated after February 28, 1913, shall be treated as a taxable dividend. (h) Definition of partial liquidation.—As used in this section the...cancellation or redemption of all or a portion of its stock. ART. 621. Dividends.—The term " dividends " for the purpose of Title I (except when used in sections... | |
| United States. Bureau of Internal Revenue, United States. Internal Revenue Service - 1935 - 502 pages
...have the meanings assigned to such terms in section 112 of the Revenue Act of 1932. (i) Definition of partial liquidation.—As used in this section the...cancellation or redemption of all or a portion of its stock. AJIT. 115-1. Dividends.—The term " dividends " for the purpose of Title I (except when used in sections... | |
| United States. Internal Revenue Service - 1936 - 604 pages
...subsection the term "stock or securities" includes rights to acquire stock or securities. (i) Definition of partial liquidation.—As used in this section the...cancellation or redemption of all or a portion of its stock. (j) Valuation of dividend.—If the whole or any part of a dividend is paid to a shareholder in any... | |
| United States. Congress - 1936 - 862 pages
...such other corporation to the taxpayer shall not be considered as not constituting' a distribution (or one of a series of distributions) In complete cancellation or redemption of all the stock of such other corporation, merely because the carrying out of the plan Involves (1) the transfer... | |
| United States, United States. Congress. House. Committee on Ways and Means - 1936 - 308 pages
...of such other corporation to the taxpayer shall not be considered as not constituting a distribution (or one of a series of distributions) in complete cancellation or redemption of all the stock of such other corporation, merely because the carrying out of the plan involves (i) the transfer... | |
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