CFR > Title 26 - Internal Revenue > CHAPTER I—INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY > SUBCHAPTER A—INCOME TAX (Parts 1–19) > PART 1—INCOME TAXES > 1.1342-1—Computation of tax where taxpayer recovers substantial amount held by another under claim of right; effective date.

1.1342-1—Computation of tax where taxpayer recovers substantial amount held by another under claim of right; effective date.

Section 1342 shall apply with respect to taxable years beginning after December 31, 1954.

Code of Federal Regulations

[T.D. 6500, 25 FR 12052, Nov. 26, 1960]