...because it prescribes a " basis for determining gain or loss," and provides : "SECTION 202 (a). That for the purpose of ascertaining the gain derived or...property, real, personal, or mixed, the basis shall be— "(1) In the case of property acquired before March 1, 1913, the fair market price or value of such...

...year " incurred in any transaction entered into for profit," section 214 (a) ; Srllmbus and that " for the purpose of ascertaining the gain derived or...loss sustained from the sale or other disposition of property * * * the basis shall he — (1) In the case of property acquired before March 1, 1913, the...

...States, no matter how created or organized * * * a tax of two per centum upon such income, * * * " For the purpose of ascertaining the gain derived or...loss sustained from the sale or other disposition by a corporation * * * of property, real, personal, or mixed, acquired before March first, nineteen...

...the instant case the stocks were purchased after the 1st of March, 1913. Section 202 provides that " for the purpose of ascertaining the gain derived or loss sustained from a sale " of property the basis shall be — "(2) In the case of property acquired on or after that...

...after February 28, 1913, shall be the cost of such property; except that—» » • "(b) The basis for ascertaining the gain derived or loss sustained from...disposition of property, real, personal, or mixed, acquired before March 1, 1913, shall bo the same as that provided by subdivision (a); but^"(1) If its...

...together and construed as defining income as required by section 351, and when we find in section 353 that "for the purpose of ascertaining the gain derived...loss sustained from the sale or other disposition of property" we are to understand "other disposition of property" to relate to the methods of disposition...

...rate fixed shall apply to the remaining portion of the total net income returned for such fiscal year. For the purpose of ascertaining the gain derived or...loss sustained, from the sale or other disposition by a corporation, joint-stock company, or association, of property, real, personal, or mixed, acquired...

...are not compensated for by insurance or otherwise: Provided, That for the purpose of ascertaining the loss sustained from the sale or other disposition of property, real, personal, Government and Municipal Bonds Deductions Allowed Citizens and Residents or mixed, acquired before...

...securities, or the transaction of any business carried on for gain or profit, . . . Section 202. (a) That asury's interpretation f&llows. REGULATION. As used...business operating loss or a loss realized by a bona fide — (1) In the case of property acquired before March i, 1913, the fair market price or value of such...

...purposes," shall apply to the remaining portion of the total net income returned for such fiscal year. For the purpose of ascertaining the gain derived or...loss sustained, from the sale or other disposition by a corporation, joint-stock company or association, or insurance company, of property, real, personal,...