Summary
The Tax Court permitted a blockage discount to be included in the basis of assets (calculated under IRC sec. 1012) purchased from another corporation whose purchase price was negotiated at arm's length.
See Also
Liquid Air Corporation and Subsidiaries v. CIR
The Tax Court permitted a blockage discount to be included in the basis of assets (calculated under IRC sec. 1012) purchased from another corporation whose purchase price was negotiated at arms'-length. The decision listed the factors consider in permitti ...