1. Le Tulle v. Scofield, No. 63, SUPREME COURT OF THE UNITED STATES, December 4, 1939, Argued , January 2, 1940, Decided
OVERVIEW: Where in consideration of transfers of personal and corporate property, petitioner received cash and short term notes, the transfer did not amount to a reorganization under the Revenue Act, but was a sale upon which gain or loss must be reckoned.
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