Income Taxation. Corporate Reorganization. Whether Spin-Off Combined with Raising of Capital Qualifies for Nonrecognition of Distributions. Commissioner v. Baan, CCH 1967 Stand. Fed. Tax Rep., U. S. Tax Cas. (67-2, at 84,781) [paragraph] 9556 (9th Cir. July 7, 1967), rev'g 45 T. C. 71 (1965). Gordon v. Commissioner, CCH 1967 Stand. Fed. Tax Rep., U. S. Tax Cas. (67-2, at 84,911) [paragraph] 9592 (2d Cir. July 26, 1967), Petition for cert. Filed, 36 U. S. L. W. 3180 (U. S. Oct., 23, 1967) (No. 760), aff'g in Part & rev'g in Part 45 T. C. 71 (1965)