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" ... then the basis shall be the same as it would be in the hands of the 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... "
United States Code - Page 3355
by United States - 1953
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Cases Decided in the United States Court of Claims ... with ..., Volume 129

United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1955
...property or money, in addition to such stock or securities), then the hasis shall be the same as it would be in the hands of the transferor, increased In the...applicable to the year in which the transfer was made: • • • 214 ' Opinion of the Court (6) or (7) of that Act, to the carryover bases of the stockholders...
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Regulations 65 Relating to the Income Tax Under the Revenue Act of 1924

United States. Internal Revenue Service - Income tax - 1924 - 363 pages
...interest or control in such property of 80 per centum or more remained in the same persons or any of them, then the basis shall be the same as it would be in...the amount of loss recognized to the transferor upon :^uch transfer under the law applicable to the year in which the transfer was made; (8) If the property...
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Questions and Answers on Federal Tax Laws: Based on Revenue Act of 1924 and ...

Irving Bank-Columbia Trust Company - Income tax - 1925 - 143 pages
...interest or control in such property of 80 per centum or more remained in the same persons or any of them, then the basis shall be the same as it would be in...applicable to the year in which the transfer was made; (8) If the property (other than stock or securities in a corporation a party to a reorganization) was...
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Federal Income and Estate Tax Laws: Correlated and Annotated, Being a ...

Walter Elbert Barton, United States, Carroll Wright Browning - Electronic books - 1925 - 549 pages
...of such property to the corporation was property or money in addition to such stock or securities), then the basis shall be the same as it would be in...applicable to the year in which the transfer was made ; (9) If the property consists of stock or securities distributed after December 31, 1923, to a taxpayer...
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Income Tax Accounting

John F. Sherwood - Income tax - 1925 - 205 pages
...interest or control in such property of 80 per centum or more remained in the same persons or any of them, then the basis shall be the same as it would be in...the amount of loss recognized to the transferor upon s uch transfer under the law applicable to the year in which the transfer was made; (8) If the property...
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Report of the Joint Committee on Internal Revenue Taxation

United States. Congress. Joint Committee on Internal Revenue Taxation - Taxation - 1927
...of such property to the corporation was property or money, in addition to such stock or securities), then the basis shall be the same as it would be in...applicable to the year in which the transfer was made; (9) TAX-FREE DISTRIBUTIONS. — If the property consists of stock or securities distributed after December...
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Comparison of the Revenue Acts of 1926 and 1928: With Index

United States - Finance - 1928 - 247 pages
...of such property to the corporation was property or money in addition to such stock or securities), then the basis shall be the same as it would be in...applicable to the year in which the transfer was made; (9) If the property consists of stock or securities distributed after December 31, 1923, to a taxpayer...
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Reports of the U.S. Board of Tax Appeals, Volume 18

United States. Board of Tax Appeals - Taxation - 1930
...of such property to the corporation was property or money in addition to such stock or securities), then the basis shall be the same as it would be In...applicable to the year in which the transfer was made. Paragraph 4 of subdivision (b) of section 203, referred to in the section of the Act aforesaid, provides:...
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Reports of the U.S. Board of Tax Appeals, Volume 14

United States. Board of Tax Appeals - Taxation - 1930
...of raeb property to the corporation was property or money in addition to such Sock or securities), then the basis shall be the same as it would be in...such transfer under the law applicable to the year iu which the transfer was made ; ******* (c) The basis upon which depletion, exhaustion, wear and...
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Reports of the U.S. Board of Tax Appeals, Volume 17

United States. Board of Tax Appeals - Taxation - 1930
...be the cost of such property ; except that— ******* ihen the basis shall be the same as it would be In the hands of the transferor, increased in the...applicable to the year In which the transfer was made ; * * * Section 203 (b) (4) provides : No gain or loss shall be recognized If property Is transferred...
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