¶1concurring: In my opinion the several transactions discussed in the Board’s report were all steps in carrying out one general plan and their effect should bo considered as a whole and not separately. So considered, they constitute a reorganization within the meaning of the Act, and, by reason of section 203 (b) (2), the exchange does not give rise to gain or loss.
24 B.T.A. 719
Green v. Commissioner
United States Board of Tax Appeals
Decided November 11, 1931
United States Board of Tax Appeals · decided 1931-11-11
Under section 203(b)(4) and 203(b)(2) of the Revenue Act of 1926 there is no recognized taxable gain to the petitioner upon the exchange of common stock in one corporation for securities and stock of two other corporations by means of certain corporate reorganizations and intermediate transactions.
Cited by 4 later decisions — most recently March 1935
1 federal appellate ·
Good law ✅— No negative treatment on recordhow we know
Decided 1931-11-11
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