HELVERING, COMMISSIONER OF INTERNAL REVENUE,
v.
NEW HAVEN & SHORE LINE RAILWAY CO., INC.

U.S. | 1942-02-09
No. 780
315 U.S. 803 Supreme Court of the United States (1942) Positive Treatment
Cited by 1 case

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  • …ld Storage Co. v. Commissioner, 287 U.S. 462, 468, 53 S.Ct. 257, 77 L.Ed. 428. See also Commissioner v. Gilmore’s Estate, 3 Cir., 130 F. 2d 791, 794, 795; and Helvering v. New Haven & S. L. R. Co., Inc., 2 Cir., 121 F. 2d 985, 987, certiorari denied 315 U.S. 803, 62 S.Ct. 631, 86 L.Ed. 1203. The legislative history of . the statutory prescription now under consideration confirms the congressional intent to cover reorganizations where “ * * * the taxpayer’s money is still tied up in the same kind of property…

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