Sec. 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.
[Adopted by T.D. 6242, 22 FR 5795, July 20, 1957; republished by T.D. 6500, 25 FR 12052, Nov. 26, 1960]