Republic Steel Corp.

Income tax; consolidated return; 50 percent interest in corporation assets retained in reorganization; basis for depreciation under 1934 Revenue Act. Opinion and judgment, 114 C. Cls. 516,733.

Plaintiff’s motion for leave to file motion for new trial out of time granted February 27,1950, and motion for new trial filed. Motion for new trial overruled April 3,1950.

Plaintiff’s petition for writ of certiorari filed in Supreme Court May 31,1950, pending.