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" IN LIQUIDATION. — Amounts distributed in complete liquidation of a corporation shall be treated as in full payment in exchange for the stock, and amounts distributed in partial liquidation of a corporation shall be treated as in part or full payment... "
Comparison of the Revenue Acts of 1934 and 1936 - Page 79
by United States, United States. Congress. House. Committee on Ways and Means - 1936 - 290 pages
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Reports of the Tax Court of the United States, Volume 26

United States. Tax Court - 1957
...taxable dividend under section 115 (g).s 'SEC. 115. DISTRIBUTIONS BY CORPORATIONS. (c) DISTRIBUTION IN LIQUIDATION. — Amounts distributed In complete...part or full payment In exchange for the stock. The Rain or loss to the distributee resulting from such exchange shall be determined under section 111,...
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General Revenue Revision: Hearings Before the Committee on Ways and Means ...

United States. Congress. House. Committee on Ways and Means - 1958 - 3588 pages
...CORPORATE LIQUIDATIONS AND CERTAIN REDEMPTIONS. "(a) General Rule. — "(1) Complete liquidations. — Amounts distributed in complete liquidation of a corporation...treated as In full payment in exchange for the stock. "(1) Recognition of gain in general. — Except in the case of distributions described in paragraph...
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Cases Decided in the United States Court of Claims ... with ..., Volume 142

United States. Court of Claims, Audrey Bernhardt - 1959
...(a), one must look at section 115 (c), which provides for "Distributions in liquidation" and says : Amounts distributed in complete liquidation of a corporation...stock, and amounts distributed in partial liquidation * * * as in part or full payment in exchange for the stock. The payments of the $120 per share for...
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Advisory Group Recommendations on Subchapters C, J, and K of the Internal ...

United States. Congress. House. Committee on Ways and Means - 1959 - 1044 pages
...CORPORATE LIQUIDATIONS AND CERTAIN REDEMPTIONS. "(a) GENERAL RULE. — "(1) COMPLETE LIQUIDATIONS. — Amounts distributed in complete liquidation of a corporation...treated as in full payment in exchange for the stock. "(2) PARTIAL LIQUIDATIONS. — Amounts distributed In partial liquidation of a corporation (as defined...
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Advisory Group Recommendations on Subchapters C, J, and K of the Internal ...

United States. Congress. House. Committee on Ways and Means - 1959 - 1044 pages
...SECTION 381 tinue the rules of existing law that amounts distributed in complete liquidation of the corporation shall be treated as in -full payment in...stock, and amounts distributed in partial liquidation shall be treated as in part or full payment in exchange for the stock. Thus the amount of gain or loss...
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Reports of the United States Tax Court, Volume 32

United States. Tax Court - 1960
...distributees under decedent's will, under section lG2(c). Section 115 (c) provides that "[ajmounts distributed in complete liquidation of a corporation...in part or full payment in exchange for the stock." Section 115 (i) provides that "the term 'amounts distributed in partial liquidation' means a distribution...
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Reports of the Tax Court of the United States, Volume 33

United States. Tax Court - 1961
...under section 115 (c).8 Respondent contends that the •SEC. 115. DISTRIBUTIONS BY CORPORATIONS. (O DISTRIBUTIONS IN LIQUIDATION. — Amounts distributed...treated as In full payment In exchange for the stock, nnd amounts distributed In partial liquidation of a corporation shall be treated as In part or full...
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Internal Revenue Code of 1954, as Amended and in Force on January 3, 1961

United States, United States. Congress. Joint Committee on Internal Revenue Taxation - 1961 - 1148 pages
...LOSS TO SHAREHOLDERS IN CORPORATE LIQUIDATIONS. (a) GENERAL RULE. — (1) COMPLETE LIQUIDATIONS. — the exercise or nonexercise of the power which he (2) PARTIAL LIQUIDATIONS. — Amounts distributed in partial liquidation of a corporation (as defined...
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Reports of the Tax Court of the United States, Volume 38

United States. Tax Court - 1963
...DISTRIBUTION IN LIQUIDATION. — Amounts distributed In complete liquidation of a corporation (ball be treated as In full payment In exchange for the...distributed In partial liquidation of a corporation sball be treated as In part or full payment In exchange for tbe stock. The gain or loss to the distributee...
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Reports of the United States Tax Court, Volume 38

United States. Tax Court - 1963
...LOSS TO SHAREHOLDERS IN CORPORATE LIQUIDATIONS, (a) GENERAL ROLE. — (1) COMPLETE LIQUIDATIONS. — Amounts distributed In complete liquidation of a corporation...shall be treated as In full payment In exchange for tbe Btock. » SEC. 1001. DETERMINATION OF AMOUNT OF AND RECOGNITION OF GAIN OR LOSS, (a) COMPUTATION...
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