Davis v. United States

The questions presented are (1) Whether the stock of the Underwood Company which plaintiff received in 1929 as a result of the transfer by the Neidich Company of New Jersey of its property and assets to the new Neidich Company of Delaware was stock of a corporation a party to a reorganization on which no gain or loss should be recognized under the provisions of section 112 of the Eevenue Act of 19281— that is, whether the Underwood Company was a party to a *589reorganization; and (2) If the Underwood Company was a party to a reorganization, whether, at the time of the reorganization, the…