Republic Steel Corp.

Income tax; consolidated return; 80 percent interest or control in reorganization; acquisition of assets in reorganization; basis for depreciation.

Decided October 6, 1941; plaintiff entitled to recover. Opinion 94 C. Cls. 476. Judgment for the plaintiff in the sum of $196,584.74, with interest, December 1, 1941.

Defendant’s motion for new trial, filed January 30, 1942, overruled April 6, 1942.