Western Massachusetts Theatres, Inc. v. Commissioner
United States Tax Court
Held, transaction by which petitioner acquired certain properties here in dispute was not one to which the nonrecognition provisions of section 112 (b) (10) of the Internal Revenue Code of 1939 apply so as to give the same basis to such property in petitioner's hand as it had in the transferor's hands pursuant to section 113 (a) (22) of the 1939 Code.
1Opinion of the Court
Western Massachusetts Theatres, Inc., Petitioner, v. Commissioner of Internal Revenue, Respondent
Western Massachusetts Theatres, Inc. v. Commissioner
Docket No. 44020
United States Tax Court
24 T.C. 331; 1955 U.S. Tax Ct. LEXIS 177;
June 8, 1955, Filed
Decision will be entered under Rule 50.
Held, transaction by which petitioner acquired certain properties here in dispute was not one to which the nonrecognition provisions of section 112 (b) (10) of the Internal Revenue Code of 1939 apply so as to give the same basis to such property in petitioner's hand as it had in the transferor's hands pursuant…
2Cases cited14 opinions
- Pinellas Ice & Cold Storage Co. v. CommissionerSupreme Court of the United States · 1933
- Helvering v. Alabama Asphaltic Limestone Co.Supreme Court of the United States · 1942
- Bazley v. CommissionerSupreme Court of the United States · 1947
- Helvering v. Cement Investors, Inc.Supreme Court of the United States · 1942
- New England Theatres, Inc. v. Olympia Theatres, Inc.Massachusetts Supreme Judicial Court · 1934
9 more not listed; retrieve them via the Exa API.