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INCOME TAX PROJECT [i] (PRELIMINARY DRAFT 42, October 12, 1950)

handle is hein.ali/aliftp0045 and id is 1 raw text is: Preliminary Income Tax Project Draft No. 42--Section X115 et se( October 12, 1950 COiNFIDENTIAL* (Not to be sold, offered for sale, or otherwise published) THE AMRICAN LAW INSTITUTE INCOME TAX PROJECT PRELTIINARY DRAFT NO. 42 CANCELLATION OF INDEBTEDNESS, MEASURE OF GAIN, AND BASIS (Revisions to Tentative Draft No. 3, May 15, 1950) The Executive Office The American Law Institute 133 South 36th Street Philadelphia 4, Pa. *(This Draft is submitted privately and gratuitously to a limited number of selected persons of a particular class for a special purpose. It is preliminary and private; therefore, citations or quotations from it must not be made in any public address or article.)