 | United States. Congress. Senate. Committee on Finance - 1942 - 1092 pages
...(D) as follows: "There shall be crcludcd any net gain recognised on property involuntanlv converted into other property or money as a result of its destruction...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. Board of Tax Appeals - 1942 - 1324 pages
...RECOGNITION OF GAIN OR LOSS. • •*•*• • (f) Involuntary conversions. — If property (as a result at Its destruction In whole or In part, theft or seizure,...condemnation, or the threat or Imminence thereof) is compulsorily or Involuntarily converted into property similar or related In service or use to the... | |
 | United States. Internal Revenue Service - 1954 - 726 pages
...112 (f) of the Internal Revenue Code Is as follows: "(f) INVOI.UNTART CONVERSIONS. — If property (as a result of Its destruction in -whole or in part,...or condemnation, or the threat or Imminence thereof I is compulsorlly or Involuntarily converted Into property similar or related In service or use to... | |
 | United States. Congress. Senate. Committee on Finance - 1954 - 524 pages
...or business, plus the recognized gains from the compulsory or involuntary conversion (as a result of destruction in whole or in part, theft or seizure,...or condemnation or the threat or imminence thereof) of property used in the trade or business and capital assets held for more than six months into other... | |
 | United States. Tax Court - 1954 - 1158 pages
...112. RECOGNITION OF GAIN OR LOSS. (f) INVOLDNTAHI CONVERSIONS. — If property (as a result of lt« destruction In whole or in part, theft or seizure,...power of requisition or condemnation, or the threat of imminence thereof) Is compulsorlly or Involuntarily converted into property similar or related In... | |
 | United States. Congress. Senate. Committee on Finance - 1955 - 84 pages
...defined in section 1231 (b)), and " (iii) the compulsory or involuntary conversion (as a result of destruction, in whole or in part, theft or seizure,...or condemnation or the threat or imminence thereof) of property used in the trade or business (as so defined). "(B) Any item, to the extent attributable... | |
 | United States. Internal Revenue Service - 1956 - 1348 pages
...(as defined in section 1231(b) ), and (iii) the compulsory or involuntary conversion (as a result of destruction, in whole or in part, theft or seizure,...requisition or condemnation or the threat or imminence thereaf ) of property used in the trade or business (as so defined). (B) Any item, to the extent attributable... | |
 | United States. Court of Claims, Audrey Bernhardt - 1960 - 1044 pages
...indebtedness of $90,000 and plaintiff paid $21,415.80 in cash 1 (f ) Involuntary convenient. If property (as a result of its destruction In whole or In part,...condemnation, or the threat or imminence thereof) is compulsorlly or involuntarily converted Into property similar or related in service or use to the... | |
 | Congress. Internal Revenue Taxation Joint Committee - 1961 - 250 pages
...or business, plus the recognized gains from the compulsory or involuntary conversion (as a result of destruction in whole or in part, theft or seizure,...or condemnation or the threat or Imminence thereof) of property used in the trade or business and capital assets held for more than 6 months Into other... | |
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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... 
