...District of Columbia. , lading all charges such as rentals or franchise payments required to be made a? ; condition to the continued use or possession of property ; (second) all losses ctaally sustained within the year In business conducted by it within the Unttet1 »tea or Its territories....

...ought to be treated as net income for purposes of taxation. There is a specific provision for deducting "all losses actually sustained within the year and not compensated by insurance or otherwise." And this is a sufficient indication that losses in immediate contemplation, but not as yet actually...

...dividends upon stocks of other corporations * * * subject to the tax hereby imposed. * * * Second. Such net income shall be ascertained by deducting...not compensated by insurance or otherwise, including reasonable allowance for depreciation of property, if any. (Third.) Interest actual!}7 paid within...

...operation of its business and properties, including rentals or other payments required to be made as a condition to the continued use or possession of property;...including a reasonable allowance for depreciation by use, wear and tear of property, if any; and in the case of mines a reasonable allowance for depletion...

...the income of such • * * insurance cornpauy, received within the year from all sources, * * • (2) all losses actually sustained within the year and...reasonable allowance for depreciation of property, if any. * * * » rpjje statutory requirements for annual return require statement of "the total amount...

...the year In the maintenance and operation of its business and properties, Including rentals, etc., "(second) all losses actually sustained, within the...insurance or otherwise, including a reasonable allowance lor depreciation by use, wear and tear of property, if any." In the case of Mutual Benefit Insurance...

...United States and its Territories, Alaska, and the District of Columbia, including all charges such »r franchise payments required to be made as a condition...(second) all losses actually sustained within the year in business conducted by it within the United States or its Territories, Alaska, or the District of...

...taking title, or in which it has no equity. "Second. All losses actually sustained and charged off within the year and not compensated by insurance or otherwise, including a reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business or trade;...

...amount of the income of such corporation, joint-stock company or association, or insurance company, received within the year from all sources, (first)...reasonable allowance for depreciation of property, if any, and in the case of insurance companies the sums other than dividends, paid within the year...

...business and property within the United States and its Territories, Alaska, and the District of Columbia, including all charges such as rentals or franchise...(second) all losses actually sustained within the year in business conducted by it within the United States or its Territories, Alaska, or the District of...