 ... 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 3355by United States - 1953Full view - About this book
 | United States. Tax Court - Law reports, digests, etc - 1947 - 1354 pages
...PROPERTY. — The basis of property shall be the cost of such property ; except that — *•*•••• (7) TRANSFERS TO CORPORATION. — If the property...applicable to the year in which the transfer was made * * *. [Emphasis supplied.] (8) PROPERTY ACQUIRED BY ISSUANCE OF STOCK OB AS PAID IN SURPLUS. — If... | |
 | United States. Tax Court - Taxation - 1945 - 1518 pages
...connection with a reorganization, and Immediately after the transfer an Interest or control In Bnch property of 50 per centum or more remained In the...upon such transfer under the law applicable to the yenr In which the transfer was made. This paragraph shall not apply if the property acquired consists... | |
 | United States. Tax Court - Law reports, digests, etc - 1950 - 1992 pages
...after December 31, 1920, by a corporation as a contribution to capital 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. The record contains no evidence to show what the basis of the property was in the hands of the petitioner... | |
 | United States. Tax Court - Taxation - 1959 - 1470 pages
...•»•••• (B) In a taxable year beginning after December 31, 1035, by a corporation In connection Vth a reorganization, then the basis shall be the same...the amount of loss recognized to the transferor upon guch transfer under the law applicable to the year In which the transfer was made. • • • SEC.... | |
 | United States. Tax Court - Taxation - 1947 - 1314 pages
...of Its stock or securities in connection with a transaction described in section 112 (b) (5) * * * then the basis shall be the same as it would be in...the amount of loss recognized to the transferor upon Bnch transfer under the law applicable to the year in which the transfer was made. The respondent urges... | |
 | United States. Tax Court - Taxation - 1954 - 1210 pages
...remained In the same persons or In any of them, the basis of the property shall be the same as It would be In the hands of the transferor, increased in the...to the transferor upon such transfer under the law which was applicable to the year In which the transfer was made. Example: The X Corporation owns property... | |
 | United States. Tax Court - Law reports, digests, etc - 1958 - 1362 pages
...paid-in surplus or as a contribution to capital, then the basis shall be th» same as It would be In tbe hands of the transferor, Increased In the amount of...transferor upon such transfer under the law applicable to tbe year In which the transfer was made. for assets, control of petitioner was not vested in the transferor... | |
 | Administrative law - 1967 - 528 pages
...property to the corporation consisted of property or money in addition to such stock or securities ) . then the basis shall be the same as it would be in...in the amount of loss recognized to the transferor on such transfer under the law applicable to the year in which the transfer was made. (c) Distributions... | |
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