| United States. Court of Claims - 1937 - 710 pages
...recognized, except as hereinafter provided in this section. (b) Exchanges solely in kind. — ***** (3) STOCK FOR STOCK ON REORGANIZATION. — No gain...corporation or in another corporation a party to the reorganization. ***** (c) Gain from, exchanges not solely in kind. — (1) If an exchange would be... | |
| United States. Court of Claims, Audrey Bernhardt - 1955 - 928 pages
...was absolutely worthless at the time of the alleged reorganization. Section 112 (b) (3) provides : No gain or loss shall be recognized if stock or securities...corporation or in another corporation a party to the reorganization. [Emphasis supplied.] It is our opinion that the term "exchange" in this context, connotes... | |
| United States. Court of Claims - 1944 - 960 pages
...203. Subdivision (b) (2) of section 203, on which plaintiffs rely, deals with a case where "stock or securities in a corporation a party to a reorganization...corporation or in another corporation a party to the reorganization." Under these sections plaintiffs can add to the period plaintiff SH Berch had held... | |
| United States. Internal Revenue Service - 1924 - 396 pages
...preferred stock in the same corporation. (2) No gain or loss shall be recognized if stock or securities iu a corporation a party to a reorganization are, in...corporation or in another corporation a party to the reorganization. (3) No gain or loss shall be recognized if a corporation a party to a reorganization... | |
| John F. Sherwood - 1925 - 206 pages
...preferred stock in a corporation is exchanged solely for preferred stock in the same corporation. (2) No gain or loss shall be recognized if stock or securities...corporation or in another corporation a party to the reorganization. (3) No gain or loss shall be recognized if a corporation a party to a reorganization... | |
| Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 580 pages
...preferred stock in a corporation is exchanged solely for preferred stock in the same corporation. (2) No gain or loss shall be recognized if stock or securities...corporation or in another corporation a party to the reorganization. (3) No gain or loss shall be recognized if a corporation a party to a reorganization... | |
| Irving Bank-Columbia Trust Company - 1925 - 152 pages
...preferred stock in a corporation is exchanged solely for preferred stock in the same corporation. (2) No gain or loss shall be recognized if stock or securities...corporation or in another corporation a party to the reorganization. (3) No gain or loss shall be recognized if a corporation a party to a reorganization... | |
| 1926 - 552 pages
...the subsequent Revenue Acts. Section 203 (b) (2) of the Revenue Act of 1924" provides as follows: "No gain or loss shall be recognized if stock or securities...corporation or in another corporation a party to the reorganization." The Revenue Acts of 19189 and 192110 contain similar provisions except that under... | |
| Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 pages
...preferred stock in a corporation is exchanged solely for preferred stock in the same corporation. .f (2) No gain or loss shall be recognized if stock or securities...corporation or in another corporation a party to the reorganization. (3) No gain or loss shall be recognized if a corporation a party to a reorganization... | |
| United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 pages
...if preferred stock in a corporation is exchanged solely for preferred stock in the same corporation. (3) STOCK FOR STOCK ON REORGANIZATION. — No gain...corporation or in another corporation a party to the reorganization. (4) SAME — GAIN OF CORPORATION. — No gain or loss shall be recognized if a corporation... | |
| |