 | United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1933 - 774 trang
...discloses a " reorganization " to which petitioner was party and a preliminary plan strictly pursued. *Sec. 203 (a) Upon the sale or exchange of property...held primarily for sale, nor stocks, bonds, notes, choses in action, certificates of trust or beneficial interest, or other securities or evidences of... | |
 | United States. Congress. House. Committee on Ways and Means - 1923 - 30 trang
...1923, to read as follows: "(1) When any such property held for productive use in trade or business (not including stock in trade or other property held primarily for sale) is exchanged for property of a like use." SEC. 201. Subdivision (e) of section 202 of the revenue act... | |
 | United States. Internal Revenue Service - 1924 - 396 trang
...in the year in which such payment is received. RECOGNITION OF GAIN OR LOSS FROM SALES AND EXCHANGES SEC. 203. (a) Upon the sale or exchange of property...held primarily for sale, nor stocks', bonds, notes, choses in action, certificates of trust or beneficial interest, or other securities or evidences of... | |
 | Irving Bank-Columbia Trust Company - 1925 - 152 trang
...in the year in which such payment is received. RECOGNITION OF GAIN OR LOSS FROM SALES AND EXCHANGES SEC. 203. (a) Upon the sale or exchange of property...held primarily for sale, nor stocks, bonds, notes, choses in action, certificates of trust or beneficial interest, or other securities or evidences of... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 580 trang
...determined under section 202, shall be recognized, except as hereinafter provided in this section. SEC. 203. (b) (1) No gain or loss shall be recognized if property...held primarily for sale, nor stocks, bonds, notes, choses in action, certificates of trust or beneficial interest, or other securities or evidences of... | |
 | John F. Sherwood - 1925 - 206 trang
...Law, no gain or loss is to be recognized when property is exchanged under the following conditions: (b) (1) No gain or loss shall be recognized if property...held primarily for sale, nor stocks, bonds, notes, choses in action, certificates of trust or beneficial interest, or other securities or evidences of... | |
 | Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 trang
...and this, as we carefully pointed out, is not enough to create taxable income. Revenue Act of 1924. SEC. 203. (a) Upon the sale or exchange of property...held primarily for sale, nor stocks, bonds, notes, choses in action, certificates of trust or beneficial interest, or other securities or evidences of... | |
 | Eric Louis Kohler - 1927 - 618 trang
...in the year in which such payment is received. RECOGNITION OF GAIN OR LOSS FROM SALES AND EXCHANGES Sec. 203. (a) Upon the sale or exchange of property...held primarily for sale, nor stocks, bonds, notes, choses in action, certificates of trust or beneficial interest, or other securities or evidences of... | |
 | Nathan William MacChesney - 1927 - 960 trang
...estate is based on Section 203 (b) (1) of the Revenue Act of 1926, which reads in part as follows: No gain or loss shall be recognized if property held...held primarily for sale, nor stocks, bonds, notes, choses in action, certificates of trust or beneficial interest, or other securities or evidences of... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 trang
...section. (b) Exchanges solely in kind. — (1) PROPERTY HELD FOR PRODUCTIVE USE OR INVESTMENT.— No gain or loss shall be recognized if property held...held primarily for sale, nor stocks, bonds, notes, choses in action, certificates of trust or beneficial interest, or other securities or evidences of... | |
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No gain or loss shall be recognized if property held for productive use in trade or business or for investment (not including stock in trade or other property held primarily for sale, nor stocks, bonds, notes, choses in action, certificates of trust or... 
