corporation were was transferred in control standing of it through stock While a The court. part of the noteholders, seporate, seal its it .lan (the indepencent for protec erat sfer) was a. transaction and & ie ta action under the indenture, from one Citing the Shoenberg case; and the court said further, on S202 uThe Was a perfectly legal a definite page even and sale rigging the ineone action these clearly ‘ part of then, income for cognize avoid an We eee i the ee dy : If : the ‘ cese, eS sale eo is be is clear that the sale transaction, and that when the clear that mo loss course, there can be no deduction purposes, This is not here isa no loss, on the circumstances, however, two things; the whole it is If it taken, a may but tthe Ghoenhberg ig Has because because been thet They @a sale established, relied upon to establish from there is There may a loss is sus~ thet relationship, Firat, a¢ transaction, to loss of tax ge transaction, completed, sined, es the sustained; is Well distinction, a) beet whole taken is wnat gh t « was a6 4 closed only resulted, a. Gases, ingle, has loss tax," ri snow caleuleble must