 | United States. Court of Claims - Law reports, digests, etc - 1929 - 762 pages
...against gross income under section 234 (a) (8)1 of the revenue act of 1918, 40 Stat. 1057, 1077. 1 SEc. 234. (a) That in computing the net income of...by section 230 there shall be allowed as deductions : • ••'•'* (8) In the case of buildings, machinery, equipment, or other facilities, constructed,... | |
 | United States. Court of Claims - Claims - 1937 - 710 pages
...facilities pursuant to section 234 (a) (8) of the Revenue Act of 1918, the relevant portions of which read : That in computing the net income of a corporation...by Section 230 there shall be allowed as deductions * * *. (8) In the case of buildings, machinery, equipment, or other facilities, constructed, erected,... | |
 | United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1950 - 940 pages
...$1,413,148.99. The Revenue Act of 1926 provided : Deductions Allowed Corporations SEC. 234 (a), — In computing the net income of a corporation subject...section 230, there shall be allowed as deductions : ***** (4) Losses sustained during the taxable year and not compensated for by insurance or otherwise.... | |
 | United States. Court of Claims - Law reports, digests, etc - 1929 - 868 pages
...capital stock. Opinion of the Court The provision of the act of 1918, involved herein, is as follows : "SEC. 234 (a). That in computing the net income of a corporation subject to the tax imposed by sec. 230 there shall be allowed as deductions: "(1) All the ordinary and necessary expenses paid or... | |
 | United States. Court of Claims - Law reports, digests, etc - 1928 - 760 pages
...act of 1918, 40 Stat. 1066, which provides in terms as follows : «* * * That in computing net income there shall be allowed as deductions : "(1) All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, * * * " 61739 — 28 —... | |
 | Law reports, digests, etc - 1925 - 1112 pages
...term. Section 234 (a) of the Revenue Act of 1918 (Сотр. St Ann. Supp. 1919, § 6336y8pp) provides that "in computing the net income of a corporation...section 230 there shall be allowed as deductions: • • • (7) A reasonable allowance for the exhaustion, wear and tear of property used in the trade... | |
 | George Edwin Holmes - Excess profits tax - 1919 - 1048 pages
...representing profits on the manufacture and disposition of goods within the United States. DEDUCTIONS ALLOWED Sec. 234. (a) That in computing the net income of...tax imposed by section 230 there shall be allowed :1s deductions: (10) In the case of insurance companies, in addition to the above: (a) The net addition... | |
 | National City Company, United States - Internal revenue law - 1919 - 104 pages
...disposition of goods within the United States. Foreign corporations gross income. DEDUCTIONS ALLOWED. 148. SEC. 234. (a) That in computing the net income of...corporation subject to the tax imposed by Section 230 (par. 124-127) there shall be allowed as deductions : 149. (1) All the ordinary and necessary expenses... | |
 | George Edwin Holmes - Excess profits tax - 1919 - 1052 pages
...representing profits on the manufacture and disposition of goods within the United States. DEDUCTIONS ALLOWED Sec. 234. (a) That in computing the net income of...corporation subject to the tax imposed by section 2'!0 there shall be allowed as deductions: (1) All the ordinary and necessary expenses paid or incurred... | |
 | Harris, Forbes & co., New York - Income tax - 1919 - 164 pages
...Business Expenses Deductions Allowed. Sec. 234. (a) That in computing the net income of a corporatio subject to the tax imposed by section 230 there shall be allowed as d< ductions : (1) All the ordinary and necessary expenses paid or incurred dm ing the taxable year... | |
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Sec. 234. (a) That in computing the net income of a corporation subject to the tax imposed by section 230 there shall be allowed as deductions: (1) All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade... 
