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" Amounts distributed in complete liquidation of a corporation shall be treated as in full payment in exchange for the stock, and amounts distributed in partial liquidation of a corporation shall be treated as in part or full payment in exchange for the... "
Reports of the Tax Court of the United States - Page 259
by United States. Tax Court - 1955
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Cases Decided in the United States Court of Claims, Volume 104

United States. Court of Claims - 1946
...profits at the time the distribution was made. ***** (c) DISTRIBUTIONS IN LIQUIDATION. Amounts distributed in complete liquidation of a corporation...recognized only to the extent provided in section 112. Despite the provisions of section 117 (a), 100 per centum of the gain so recognized shall be taken...
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Cases Decided in the United States Court of Claims, Volume 101

United States. Court of Claims - 1944
...253, 255), which provides for the taxation of the gain derived on liquidation. It reads : (c) Amounts distributed in complete liquidation of a corporation...from such exchange shall be determined under section 202, but shall be recognized only to the extent provided in section 203. * * * Since the transaction...
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Cases Decided in the United States Court of Claims, Volume 86

United States. Court of Claims - 1938
...distributions by corporations in subdivision (c) (c) Distributions in liquidation. Amounts distributed in complete liquidation of a corporation...in part or full payment in exchange for the stock. We think the two sections should be considered together, and when so construed we find that the statute...
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Cases Decided in the United States Court of Claims, Volume 84

United States. Court of Claims - 1937
...at bar it is conceded that there was a distribution in partial liquidation, which the statute says "shall be treated as in part or full payment in exchange for the stock", and further that if it is "properly chargeable to capital account" it shall not be considered as "within...
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Revenue Act of 1924: Hearings Before the Committee on Finance, United States ...

United States. Congress. Senate. Committee on Finance - 1924 - 456 pages
...of great magnitude, in the guise of administrative, provisions, as follows: "SEC. 201. (c) Amounts distributed- in complete liquidation of a corporation...and amounts distributed in partial liquidation of u corporation shall be treated an in part or full payment in exchange for the stock. "The gain or loss...
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Regulations 65 Relating to the Income Tax Under the Revenue Act of 1924

United States. Internal Revenue Service - 1924 - 363 pages
...Distributions in liquidation. Amounts distributed in complete liquidation, of a corporation are to be treated as in full payment in exchange for the...stock, and amounts distributed in partial liquidation are to be treated as in part or full payment in exchange: for the stock so canceled or redeemed. The...
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Income Tax Accounting

John F. Sherwood - 1925 - 205 pages
...distribution shall be applied against and reduce the basis of the stock provided in section 204. (c) Amounts distributed in complete liquidation of a corporation...from such exchange shall be determined under section 202, but shall be recognized only to the extent provided in section 203. In the case of amounts distributed...
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Federal Income and Estate Tax Laws: Correlated and Annotated, Being a ...

Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 549 pages
...applied against and reduce the basis of the stock provided in section 204.20 SEC. 201. (c) Amounts distributed in complete liquidation of a corporation...from such exchange shall be determined under section 202,20 but shall be recognized only to the extent provided in section 203.20 In the case of amounts...
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Questions and Answers on Federal Tax Laws: Based on Revenue Act of 1924 and ...

Irving Bank-Columbia Trust Company - 1925 - 143 pages
...distribution shall be applied against and reduce the basis of the stock provided in section 204. (c) Amounts distributed in complete liquidation of a corporation...from such exchange shall be determined under section 202, but shall be recognized only to the extent provided in section 203. In the case of amounts distributed...
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Report of the Joint Committee on Internal Revenue Taxation

United States. Congress. Joint Committee on Internal Revenue Taxation - 1927
...reduce the basis of the stock provided in section 113. (c) Distributions in liquidation. Amounts distributed in complete liquidation of a corporation...recognized only to the extent provided in section 112. In the case of amounts distributed in partial liquidation (other than a distribution within the provisions...
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