 | United States. Court of Claims, Audrey Bernhardt - 1955 - 1002 lapas
...view that "cost" is the fair market value of • Section 112 (a) provides : "General Rule. — Upon the sale or exchange of property the entire amount of the gain or loss, determined under section 111, shall be recognized, except as hereinafter provided In this section."... | |
 | Philippines - 1981 - 138 lapas
...as follows: "(c) Ercliaiifie of property. — "(1) General rule. — Except as herein provided, upon the sale or exchange of property, the entire amount of the gain or loss, as the case may be, shall be recognized. "(2) E.',cci>tion. — No gain or loss shall be recognized... | |
 | United States. Internal Revenue Service - 1924 - 396 lapas
...which such payment is received. RECOGNITION OF GAIN OR LOSS FROM SALES AND EXCHANGES SEC. 203. (a) Upon the sale or exchange of property the entire amount of the gain or loss, determined under section 202, shall be recognized, except' as hereinafter provided in this section.... | |
 | John F. Sherwood - 1925 - 206 lapas
...such payment is received. Recognition of Gain or Loss from Sales and Exchanges. Sec. 203. (a) Upon the sale or exchange of property the entire amount of the gain or loss, determined under section 202, shall be recognized, except as hereinafter provided in this section.... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 580 lapas
...such payment is received. RECOGNITION OP GAIN OR LOSS FROM SALES AND EXCHANGES. SEC. 203. (a) Upon the sale or exchange of property the entire amount of the gain or loss, determined under section 202, shall be recognized, except as hereinafter provided in this section.... | |
 | Irving Bank-Columbia Trust Company - 1925 - 152 lapas
...which such payment is received. RECOGNITION OF GAIN OR LOSS FROM SALES AND EXCHANGES SEC. 203. (a) Upon the sale or exchange of property the entire amount of the gain or loss, determined under section 202, shall be recognized, except as hereinafter provided in this section.... | |
 | Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 lapas
...carefully pointed out, is not enough to create taxable income. Revenue Act of 1924. SEC. 203. (a) Upon the sale or exchange of property the entire amount of the gain or loss, determined under section 202, shall be recognized, except as hereinafter provided in this section.... | |
 | Harrison B. Spaulding - 1927 - 336 lapas
...out of the ownership or use of or interest in such property." 2 It is further provided 3 that, upon the sale or exchange of property, the entire amount of the gain or loss will be recognized as taxable gain or deductible loss except where the law in subsequent sections specifically... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 lapas
...in which such payment is received. SEC. 112. RECOGNITION OF GAIN OR LOSS. (a) General rule. — Upon the sale or exchange of property the entire amount of the gain or loss, determined under section 111, shall be recognized, except as hereinafter provided in this section.... | |
 | Eric Louis Kohler - 1927 - 618 lapas
...which such payment is received. RECOGNITION OF GAIN OR LOSS FROM SALES AND EXCHANGES Sec. 203. (a) Upon the sale or exchange of property the entire amount of the gain or loss, determined under section 202, shall be recognized, except as hereinafter provided in this section.... | |
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Upon the sale or exchange of property the entire amount of the gain or loss, determined under section 111, shall be recognized, except as hereinafter provided in this section. 
