Bus & Transport Securities Corp. v. Helvering
296 U.S. 391 (1935)

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U.S. Supreme Court

Bus & Transport Securities Corp. v. Helvering, 296 U.S. 391 (1935)

Bus & Transport Securities Corp. v. Helvering

No. 490

Argued November 20, 1935

Decided December 16, 1935

296 U.S. 391

Syllabus

A corporation transferred shares of stock which it owned to another corporation in exchange for shares of stock which the latter owned, neither party to the exchange acquiring any definite immediate interest in the other. Held, not a reorganization within § 112 of the Revenue Act of 1928. P. 296 U. S. 393.

79 F.2d 509 affirmed.

Page 296 U. S. 392

Certiorari to review a judgment affirming a decision of the Board of Tax Appeals which sustained an order determining a deficiency in income tax.

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