MR. JUSTICE McREYNOLDS delivered the opinion of the Court.
Petitioner — Bus and Transport Securities Corporation — challenges a deficiency income tax assessment for 1929, and says that the transaction from which the alleged taxable gain arose was reorganization within § 112, Rev. Act, 1928. Paragraphs (b) (4), (i) (1) and (i) (2) are specially relied upon.
Jacobus owned practically all shares of two corporations...
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