United States Tax Court January 8, 1948, Docket Nos. 10018, 10019, 10020 (Dean v. Commissioner)

lead-opinion

OPINION.

Harlan, Judge:

Petitioner contends that by virtue of the provisions of sections 112 (b) (3) and 112 (g) (1) (E), I. R. C.,1 North Star, in December 1941, accomplished a reorganization for which no gain or loss is recognized to the stockholders.