 | 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... | |
 | 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... | |
 | 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... | |
 | Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 pages
...we carefully pointed out, is not enough to create taxable income. Revenue Act of 1924. 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... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 pages
...any installment payment representing gain or profit in the year in which such payment is received. SEC. 112. RECOGNITION OF GAIN OR LOSS. (a) General...provided in this section. (b) Exchanges solely in kind. — (1) PROPERTY HELD FOR PRODUCTIVE USE OR INVESTMENT.— No gain or loss shall be recognized if property... | |
 | Eric Louis Kohler - 1927 - 618 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... | |
 | Harrison B. Spaulding - 1927 - 336 pages
...growing out of the ownership or use of or interest in such property." 2 It is further provided 3 that, upon the sale or exchange of property, the entire amount of the gain or loss will be recognized as taxable gain or deductible loss except where the law in subsequent sections specifically... | |
 | United States - 1928 - 268 pages
...any installment payment representing gain or profit in the year in which such payment is received. SEC. 112. RECOGNITION OF GAIN OR LOSS. (a) General...entire amount of the gain or loss, determined under (1) Proper adjustment shall be made for any expenditure or item of loss properly chargeable to capital... | |
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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. 
