 If an exchange is described in paragraph (1) but has the effect of the distribution of a dividend, then there shall be treated as a dividend to each distributee such an amount of the gain recognized under paragraph (1) as Is not In excess of his ratable...  Reports of the U.S. Board of Tax Appeals - Page 473by United States. Board of Tax Appeals - 1933Full view - About this book
 | United States. Congress. Senate. Committee on Finance - Finance - 1924 - 468 pages
...shall be taxed as a dividend to the distributee such an amount of the gain recognized under section 203 as is not in excess of his ratable share of the undistributed..."The remainder, if any, of the gain recognized under section 203 shall be taxed as a gain from the exchange of property. "In the case of a distribution... | |
 | United States. Internal Revenue Service - Income tax - 1924 - 396 pages
...dividend, such an amount of the gain recognized under this article as is not in excess of the distributee's ratable share of the undistributed earnings and profits...the corporation accumulated after February 28, 1913; (2) as a gain from the exchange of property, the remainder of the gain recognized under this paragraph.... | |
 | Joseph Henry Beale, Roswell Foster Magill - Taxation - 1926 - 744 pages
...dividend, such an amount of the gain recognized under this article as is not in excess of the distributee's ratable share of the undistributed earnings and profits...the corporation accumulated after February 28, 1913; (2) as a gain from the exchange of property, the remainder of the gain recognized under this paragraph.... | |
 | Harrison B. Spaulding - Income tax - 1927 - 336 pages
...provisions of paragraph (1) but has the effect of the distribution of a taxable dividend, then there shall be taxed as a dividend to each distributee such an...recognized under paragraph (1) as is not in excess of his rateable share of the undistributed earnings and profits of the corporation accumulated after February... | |
 | Eric Louis Kohler - Income tax - 1927 - 618 pages
...provisions of paragraph (1) but has the effect of the distribution of a taxable dividend, then there shall be taxed as a dividend to each distributee such an amount of the gam recognized under paragraph (1) as is not in excess of his ratable share of the undistributed earnings... | |
 | United States - Finance - 1928 - 268 pages
...provisions of paragraph (1) but has the effect of the distribution of a taxable dividend, then there shall be taxed as a dividend to each distributee such an amount of the gain recognized under paragrapli (1) as is not in excess of his ratable share of the undistributed earnings and profits of... | |
 | Robert Hiester Montgomery - Excess profits tax - 1927 - 1510 pages
...provisions of paragraph (i) but has the effect of the distribution of a taxable dividend, then there shall be taxed as a dividend to each distributee such an amount of the gain recognized under paragraph (r) as is not in excess of his ratable share of the undistributed earnings and profits of the corporation... | |
 | Robert Hiester Montgomery - Excess profits tax - 1925 - 1928 pages
...dividend, such an amount of the gain recognized under this article as is not in excess of the distributee's ratable share of the undistributed earnings and profits...the corporation accumulated after February 28, 1913 ; (2) as a gain from the exchange of property, the remainder of the gain recognized under this paragraph.... | |
 | United States. Internal Revenue Service - Income tax - 1931 - 502 pages
...such an amount of the gain recognized under this paragraph as is not in excess of the distributee's ratable share of the undistributed earnings and profits...the corporation accumulated after February 28, 1913, and (2) as a gain from the exchange of property, the remainder of the gain recognized under this paragraph.... | |
 | United States. Bureau of Internal Revenue - Income tax - 1933 - 452 pages
...such an amount of the gain recognized under this paragraph as is not in excess of the distributee's ratable share of the undistributed earnings and profits...the corporation accumulated after February 28, 1913, and (2) as a gain from the exchange of property, the remainder of the gain recognized under this paragraph.... | |
| |
