...acquired after December 31, 1920, by a transfer in trust (other than by a transfer in trust by a gift, bequest, or devise), the basis shall be the same as...decreased in the amount of loss recognized to the grantor on such transfer under the law applicable to the year in which the transfer was made. (c) Gift or transfer...

...(other than by a transfer in trust by a gift, bequest, or devise), the basis shall be thesame as It would be in the hands of the grantor Increased in...decreased In the amount of loss recognized to the grantor on such transfer under the law applicable to the year In which the transfer was made. (c) Gift or transfer...

...trust by a gift, bequest, or devise), the basis shall be the same as it would be In the hands of toe grantor Increased in the amount of gain or decreased in the amount of loss recognized to the grantor on such transfer under the law applicable to the year In which the transfer was made. (c) Gift or transfer...

...transferor, increased in the amount of gain or decreased in the amount of loss recognized to the transferor upon such transfer under the law applicable to the year in which the transfer was made." The petitioner, relying upon that exception, refers to the Revenue Acts of 1932 and 1934 as the law applicable...

...transferor, increased In the amount of gain or decreased in the amount of loss recognized to the transferor upon such transfer under the law applicable to the...year in which the transfer was made. * • • The union taking place between these three banks was either a statutory merger or a consolidation, and...