 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 in exchange for the...  Reports of the Tax Court of the United States - Page 259by United States. Tax Court - 1955Full view - About this book
 | United States - 1939 - 780 pages
...adjusted basis of the stock provided in section 113. (c) DISTRIBUTIONS IN LIQUIDATION. — Amounts distributed in complete liquidation of a corporation...exchange shall be determined under section 111, but shafi be recognized only to the extent provided in section 112. Despite the provisions of section 117,... | |
 | 1924 - 1040 pages
...the stock provided in section 204. (c) Amounts distributed in complete liquidation of a corp9ration shall be treated as in full payment in exchange for...The gain or loss to the distributee resulting from su<h exchange eh all be determined under section 202. but «hall be recognized only to the extent provided... | |
 | United States. Board of Tax Appeals - 1937 - 1380 pages
...taxable to the shareholders as provided in section 115", and section 115 (c) provides in part: Amounts distributed in complete liquidation of a corporation shall be treated as in full pnymeiit in exchange for the stock, and amounts distributed in partial liquidation of a corporation... | |
 | United States. Congress. House. Committee on Ways and Means - 1958 - 1170 pages
...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... | |
 | United States. Congress. House. Committee on Ways and Means - 1958 - 1176 pages
...(b), in order to test whether a distribution in redemption by a corporation other than the issuing corporation shall be treated as in part or full payment in exchange for the stock redeemed, the 50-percent limitation in section 318 (a) (2) (C) relating to corporate constructive ownership... | |
 | United States. Court of Claims, Audrey Bernhardt - 1959 - 1014 pages
...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... | |
 | United States. Congress. House. Committee on Ways and Means - 1959 - 1064 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... | |
 | United States. Congress. House. Committee on Ways and Means - 1959 - 1064 pages
...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... | |
 | United States. Congress. Senate. District of Columbia - 1965 - 300 pages
...for the stock in such utility, shall, if for purposes of this article the stock is a capital asset, be treated as in part or full payment in exchange for the stock." TITLE II— AMENDMENTS TO THE MOTOR VEHICLE FUEL TAX SEC. 201. The first section of the Act entitled... | |
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