# Turners Falls Power & Elec. Co. v. Commissioner > United States Board of Tax Appeals · March 20, 1929 · 15 B.T.A. 983 URL: https://www.frixlaw.com/law-library/cases/4489326 ## Case - **Full name:** TURNERS FALLS POWER & ELECTRIC CO., v. COMMISSIONER OF INTERNAL REVENUE - **Court:** United States Board of Tax Appeals - **Decided:** March 20, 1929 - **Citations:** 15 B.T.A. 983; 1929 BTA LEXIS 2759 - **Precedential status:** Published - **Opinion:** Concurring in part by Tettsseil - **Judges:** Tettsseil, Smith - **Cited by:** 0 later opinions in the Frix Law Library ## Citator (automated) - No negative treatment found by the automated citator. That is not the same as a confirmation that the case is good law; read the citing cases. - Full citator and citing cases: https://www.frixlaw.com/law-library/cases/4489326 ## Opinion text Tettsseil, dissenting in part: I am not in accord with that part of the views of the majority of the Board respecting the matter of loss or gain resulting from the exchanges made according to the facts in *993 this case. The most conspicuous fact disclosed by this record is that a reorganization of the cutlery company was brought about on December 15,1923, and a complete recapitalization of the company resulted. I am of the opinion that this reorganization and recapitalization was of such a character as is contemplated by section 202 (c) (2) of the Revenue Act of 1921 and that no gain or loss should be predicated upon these transactions. --- Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/4489326. Public record. Not legal advice.