...loss shall be recognized it stock or securities In a corporation a party to a reorganization are. 1m pursuance of the plan of reorganization, exchanged...corporation or In another corporation a party to the reorganization. (2) Limitation. Paragraph (1) shall not apply if — (A) The principal amount of any...

...loss shall be recognized IT stock or securities In a corporation a party to a reorganization are, la pursuance of the plan of reorganization, exchanged solely for stock or securities In sucb corporation or In another corporation a party to the reorganization. (2) Limitation. Paragraph...

...reorganization, by or on behalf of a corporation a party to the reorganization, to its shareholders of stock or securities in such corporation or in another corporation a party to the reorganization : (i) In any taxable year beginning before January 1, 1934, without the surrender by...

...thereof the following new subsection: "(d) EXCHANGES UNDER THE FINAL SYSTEM PLAN FOR CONRAIL. — No gain or loss shall be recognized if stock or securities in a corporation are, in pursuance of an exchange to which paragraph (1) or (2) of section 374(c) applies, exchanged...

...types of exchanges, viz: The exchange that is provided for in section 354 (a) (1) in which stock or securities in a corporation, a party to a reorganization, are, in pursuance of a plan of reorganization, exchanged for the stock or securities in a corporation, a party to the same...

...whereas the taxpayer contended that the accrued and unpaid Interest was part of the "securities * * *, 2 [Մ $Y5 % ([ R } V& bC ͞& _ , ⠉ p ~ ]#u Ւ O it. s$ \ L&- < 6& and therefore no gain or loss was recognized under section 112(b) (3), and the cash payments were capital...

...other corporation * * * * Sec. 354(a) provides in part: (a) GENERAL RULE. — (1) IN GENERAL. — No gain or loss shall be recognized if stock or securities...for stock or securities in such corporation or in unstated interest under such contract bears to the total of the payments to which this section applies...

...OF SECTION 354 EXCHANGES OF STOCK AND SECURITIES IN CERTAIN REORGANIZATIONS. Nb He Nd IF 1. stock or securities in a corporation a party to a reorganization...corporation or in another corporation a party to the reorganization, AND 2. A) 1. the prinicpal amount of any such securities received does not exceed the...

...reorganizations qualifying as such under section 368(a)(l). Specifically, under section 354(a)(l)— No gain or loss shall be recognized if stock or securities...of the plan of reorganization, exchanged solely for the stock or securities in such corporation or in another corporation a party to the reorganization....

...(sec 368(a)( 1)(E)). No gain or loss is recognized if stock or securities in a corporation that is a party to a reorganization are (in pursuance of the...reorganization) exchanged solely for stock or securities in that corporation or in another corporation that is a party to the reorganization, except that gain...