Diversified Services, Inc. v. United States

DE VANE, District Judge.

The facts in these cases are not in dispute. They are fully disclosed by the pleadings and by the requests for admission of facts and documents and the answers thereto. The cases are pending before this Court on motions for summary judgments filed by the plaintiffs and the defendant.

Nature of Controversy

In each of the six above numbered actions (1023 to 1028 both inclusive) each corporation elected, pursuant to Section 392(b) of the Internal Revenue Code of 1954, 26 U.S.C.A. § 392(b), not to have taxed in 1954 the gains resulting from the sale of the properties of each…