 | United States. Court of Claims - Law reports, digests, etc - 1937 - 786 pages
...indebtedness or interest), is exchanged for property of a like kind or use.'' Revenue Act of 1926. "Sec. 203. (a) Upon the sale or exchange of property the entire...except as hereinafter provided in this section. "(b) (1) No gain or loss shall be recognized if property held for productive use in trade or business or... | |
 | United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1959 - 1028 pages
...disbursements basis by calendar years. 1 Section 112. "Recognition of gain or loss — "(a) General rule. Upon the sale or exchange of property the entire amount of the gain or loss, determined under section 111, shall be recognized, except as hereinafter provided In this section. "(b) Exchanges solely In... | |
 | Philippines - Law - 1981 - 138 pages
...read as follows: "(c) Ercliaiifie of property. — "(1) General rule. — Except as herein provided, upon the sale or exchange of property, the entire amount of the gain or loss, as the case may be, shall be recognized. "(2) E.',cci>tion. — No gain or loss shall be recognized... | |
 | United States. Internal Revenue Service - Income tax - 1924 - 396 pages
...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 the entire...except' as hereinafter provided in this section. (b) (1) No gain or loss shall be recognized if property held for productive use in trade or business or... | |
 | Irving Bank-Columbia Trust Company - Income tax - 1925 - 152 pages
...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 the entire...except as hereinafter provided in this section. (b) (1) No gain or loss shall be recognized if property held for productive use in trade or business or... | |
 | John F. Sherwood - Income tax - 1925 - 206 pages
...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 the entire...except as hereinafter provided in this section. (b) (Pages 36 and 37). (c) If there is distributed, in pursuance of a plan of reorganization, to a shareholder... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - Income tax - 1925 - 580 pages
...in which such payment is received. RECOGNITION OP GAIN OR LOSS FROM SALES AND EXCHANGES. SEC. 203. (a) Upon the sale or exchange of property the entire...recognized, except as hereinafter provided in this section. SEC. 203. (b) (1) No gain or loss shall be recognized if property held for productive use in trade... | |
 | Joseph Henry Beale, Roswell Foster Magill - Taxation - 1926 - 744 pages
...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 the entire...except as hereinafter provided in this section. (b) (1) No gain or loss shall be recognized if property held for productive use in trade or business or... | |
 | Eric Louis Kohler - Income tax - 1927 - 618 pages
...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 the entire...except as hereinafter provided in this section. (b) (1) No gain or loss shall be recognized if property held for productive use in trade or business or... | |
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Upon the sale or exchange of property the entire amount of the gain or loss, determined under section 111, shall be recognized, except as hereinafter provided in this section. 
