McALLISTER, Circuit Judge.
The issue in this case is whether certain business transactions amounted to a corporate reorganization under Section 112(g) of the Internal Revenue Code, Title 26 U.S. C.A. § 112(g). The district court held that there was no reorganization, and the government appealed.
The facts are as follows: The Arcade Company, organized in 1902, long prior to the enactment of the Federal Income Tax Amendment, employed, in 1943, a tax accountant...
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