 | United States. Board of Tax Appeals - Taxation - 1942 - 1324 pages
...CONVERSIONS.— If property (as a result of its destruction in whole or in part, theft or seizure, or nn exercise of the power of requisition or condemnation,...to the property so converted, or Into money which 1* forthwith in good faith, under regulations prescribed by the Commissioner with the approval of the... | |
 | United States U.S. Congress. Senate. Committee on finance - 1942 - 1090 pages
...lie excluded any net gain recognized on property involuntarily converted into other property or money as a result of its destruction in whole or in part,...condemnation or the threat or imminence thereof." Our proposal Is intended to touch Just one thing — exemption from excess-profits tax of the net gains... | |
 | United States. Congress. Senate. Committee on Finance - Finance - 1942 - 1092 pages
...be crcludcd any net gain recognised on property involuntanlv converted into other property or money as a result of its destruction in whole or in part,...condemnation or the threat or imminence thereof." Our proposal is intended to touch Just one thing — exemption from excess-profits tax of the net gains... | |
 | United States, Walter Elbert Barton - Gifts - 1944 - 1286 pages
...also of other property or money, then no loss from the exchange shall be recognized. Sec. 112. (f) Involuntary conversions. — If property (as a result...condemnation, or the threat or imminence thereof) is cornpulsorily or involuntarily converted into property similar or related in service or use to the... | |
 | United States. Congress. Internal Revenue Taxation Joint Committee - 1945 - 350 pages
...loss, but also of other property or money, then no loss from the exchange shall be recognized. (f) INVOLUNTARY CONVERSIONS. — If property (as a result...under regulations pres"cribed by the Commissioner with the approval of the Secretary, expended in the acquisition of other property similar or related, in... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - Income tax - 1946 - 428 pages
...loss, but also of other property or money, then no loss from the exchange shall be recognized. (f) INVOLUNTARY CONVERSIONS. — If property (as a result...under regulations prescribed by the Commissioner with the approval of the Secretary, expended in the acquisition of other property similar or related in... | |
 | United States - 1949 - 1882 pages
..."involuntary conversion" means a compulsory or involuntary conversion of property into other property or money as- a result of its destruction in whole or in part,...or condemnation or the threat or imminence thereof. As used in such paragraph the term "other disposition" includes the destruction of property by fire,... | |
 | United States. Tax Court - Law reports, digests, etc - 1949 - 1416 pages
...or an exercise of the power of requisition or condemnation, or the threat or imminence thereof) IB compulsorily or involuntarily converted into property...forthwith in good faith, under regulations prescribed hy the Commissioner with the approval of the Secretary, expended in the acquisition of other property... | |
 | United States, Walter Elbert Barton - Income tax - 1950 - 1126 pages
...money, then no loss from the exchange shall be recognized. Sec. 112. (f) Involuntary conversions.—If property (as a result of its destruction in whole...to the property so converted, or into money which i8 forthwith in good faith, under regulations prescribed by the Commissioner with the approval of the... | |
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If property (as a result of its destruction in whole or in part, theft or seizure, or an exercise of the power of requisition or condemnation, or the threat or imminence thereof) is compulsorily or involuntarily converted into property similar or related... 
