...applicable statute is section 202 (a) of the Revenue Act of 1918, which provides, so far as material, as follows : That for the purpose of ascertaining...of property acquired before March 1, 1913, the fair marUet price or value of such property as of that date ; * * • vendor corporation sold its plant...

...shall, in the judgment of the assessor of the District of Columbia, clearly reflect such income. SEC. 5. For the purpose of ascertaining the gain derived or...disposition of property, real, personal, or mixed, acquired on or after January 1, 1931, the basis shall be the cost thereof and, in case of property...

...shall, in the judgment of the assessor of the District of Columbia, clearly reflect such income. SBC. 5. For the purpose of ascertaining the gain derived or...disposition of property, real, personal, or mixed, acquired on or after January 1, 1931, the basis shall be the cost thereof and, in case of property...

...from all sources by every corporation * * * a tax of two per centum upon such income; • * * ******* For the purpose of ascertaining the gain derived or...loss sustained from the sale or other disposition by a corporation * * * of property, real, personal, or mixed, acquired before March first, nineteen...

...corporation resulting from a reorganization » « * Section 202 of the Revenue Act of 1918 provides: (a) That for the purpose of ascertaining the gain derived...disposition of property, real, personal, or mixed, the Misis shall be — ******* (2) In the case of property acquired on or after that date, [March 1, 1913],...

...when It was actually sustained, (c) how It was determined to be a loss, and (d) If sustained by sale of property acquired before March 1, 1913, the fair market price or value as of that date and how such value was determined. Wife's deduction 36. Losses sustained during the...

...annual accounting period, fiscal or calendar year, as the case may be. Section 5: Provides the method of ascertaining the gain derived or loss sustained from the sale or other disposition of property. Section 6: Relates to partnerships and requires that the distributive share of the net income...

...interests. SEC. 303. Determination of gain or ioss. For the purpose of ascertaining the gain or loss from the sale or other disposition of property, real, personal or mixed, the basis shall be, in the case of property acquired before January first, one thousand nine hundred and twenty-one, the...

...such property interests as are specified in suodivision (c) or (e) of section 402. (b) The basis for ascertaining the gain derived or loss sustained from...disposition of property, real, personal, or mixed, acquired before March 1, 1913, shall be the same as that provided by subdivision (a) ; but — (1)...

...purposes," shall apply to the remaining portion of the total net income returned for such fiscal year. For the purpose of ascertaining the gain derived or...loss sustained from the sale or other disposition by a corporation, joint-stock company or association, or insurance company, of property, real, personal,...