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INCOME TAX PROJECT i (CHANGES TO BE MADE IN THE CORPORATE PROVISIONS OF T.D. 7, January 15, 1953)

handle is hein.ali/aliftp0279 and id is 1 raw text is: January 15, 1953 THE AMERICAN LAW INSTIT UTE INCOME TAX PROJECT CHANGES TO BE MADE IN THE CORPORATE PROVISIONS OF TENTATIVE DRAFT NO. 7 The following is a list of changes bringing Tentative Draft No, 7 up to date in the corporate area. Most of the changes involve tests of control. The sections dealing with the sale of a corporate business have been re- organized by grouping those sections dealing with liquidations under Distributions in Complete Liquidation,1 Following this enumeration is a point by point explanation of the changes that have been made. It should be noted that the sale of a business area is still undergoing major revision.