 | United States. Court of Claims, Audrey Bernhardt - 1959 - 1028 pages
...books and file their tax returns on cash receipts and disbursements basis by calendar years. 1 Section 112. "Recognition of gain or loss — "(a) General...provided In this section. "(b) Exchanges solely In kind — "(5) Transfer to corporation controlled by transferor. No gain or loss shall be recognized If property... | |
 | United States. Court of Claims - 1939 - 690 pages
...Act of 1928 1 — that is, whether the Underwood Company was a party to a 1 RECOGNITION OF GAIN OB Loss. (a) General rule. — Upon the sale or exchange...provided in this section. (b) Exchanges solely in Mnd. — • * * (3) Stock for Stock on Reorganization. — No gain or loss shall be recognized if... | |
 | United States. Court of Claims, Audrey Bernhardt - 1955 - 1002 pages
...value relinquished. The view that "cost" is the fair market value of • Section 112 (a) provides : "General Rule. — Upon the sale or exchange of property...recognized, except as hereinafter provided In this section." •Section 113 (a) provides: "Basis, (Unadjusted), of Property. — The basis of property shall be... | |
 | United States. Court of Claims, Audrey Bernhardt - 1955 - 928 pages
...1928 ; 1 that they also meet the requirements of section 1 Revenue Act of 1928, 45 Stat. 791, 816-820. SEC. 112. RECOGNITION OF GAIN OR LOSS. (a) General...of the gain or loss, determined under section 111, snail be recognized, except as hereinafter provided in this section. (b) Exchanges solely in kind —... | |
 | United States. Court of Claims - 1937 - 786 pages
...or interest), is exchanged for property of a like kind or use.'' Revenue Act of 1926. "Sec. 203. (a) Upon the sale or exchange of property the entire amount of the gain or loss, determined under section 202. shall be recognized, except as hereinafter provided in this section. "(b) (1) No gain or loss... | |
 | Philippines - 1981 - 138 pages
...read as follows: "(c) Ercliaiifie of property. — "(1) General rule. — Except as herein provided, upon the sale or exchange of property, the entire amount of the gain or loss, as the case may be, shall be recognized. "(2) E.',cci>tion. — No gain or loss shall be recognized... | |
 | United States. Internal Revenue Service - 1924 - 396 pages
...which such payment is received. RECOGNITION OF GAIN OR LOSS FROM SALES AND EXCHANGES SEC. 203. (a) Upon the sale or exchange of property the entire amount of the gain or loss, determined under section 202, shall be recognized, except' as hereinafter provided in this section. (b) (1) No gain or loss... | |
 | John F. Sherwood - 1925 - 206 pages
...which such payment is received. Recognition of Gain or Loss from Sales and Exchanges. Sec. 203. (a) Upon the sale or exchange of property the entire amount of the gain or loss, determined under section 202, shall be recognized, except as hereinafter provided in this section. (b) (Pages 36 and 37). (c)... | |
 | Irving Bank-Columbia Trust Company - 1925 - 152 pages
...which such payment is received. RECOGNITION OF GAIN OR LOSS FROM SALES AND EXCHANGES SEC. 203. (a) Upon the sale or exchange of property the entire amount of the gain or loss, determined under section 202, shall be recognized, except as hereinafter provided in this section. (b) (1) No gain or loss shall... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 580 pages
...which such payment is received. RECOGNITION OP GAIN OR LOSS FROM SALES AND EXCHANGES. SEC. 203. (a) Upon the sale or exchange of property the entire amount of the gain or loss, determined under section 202, shall be recognized, except as hereinafter provided in this section. SEC. 203. (b) (1) No gain... | |
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LOSS. (a) GENERAL RULE. — Upon the sale or exchange of property the entire amount of the gain or loss, determined under section 111, shall be recognized, except as hereinafter provided in this section. 
