 | United States. Supreme Court - Courts - 1940 - 894 pages
...Commissioner, ante, p. 39. "48Stat. 680, 691. "Sec. 24. Items not Deductible, "(a) General Rule.—In computing net income no deduction shall in any case be allowed in respect of— • . . • . "(6) Loss from sales or exchanges of property, directly or indirectly, (A) between members... | |
 | United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1958 - 1004 pages
...which provides : SEC. 24 (b) LOSSES FROM SALES OR EXCHANGES OF PROPERTY. (1) LOSSES DISALLOWED. — In computing net income no deduction shall in any case be allowed in respect of losses from sales or exchange of property, directly or indirectly — ' Thls section defines gross income. 37 Dissenting... | |
 | United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1962 - 964 pages
...DEDUCTIBLE. (a) [as amended by Sec. 121 (b) , Revenue Act of 1942, c. 619, 56 Stat. 798] General Rule. — In computing net income no deduction shall in any case be allowed in respect of — (5) Any amount otherwise allowable as a deduction which is allocable to one or more classes of... | |
 | Wisconsin - Session laws - 1935 - 1308 pages
...personal, either directly or indirectly, in the following cases : (a) Between members of a family, or (b) Except in the case of distributions in liquidation, between an individual and a corporation in which such individual owns, directly or indirectly, more than fifty per centum in value of the outstanding... | |
 | Wisconsin - Bills, Private - 1935 - 1310 pages
...personal, either directly or indirectly, in the following cases : (a) Between members of a family, or (b) Except in the case of distributions in liquidation, between an individual and a corporation in which such individual owns, directly or indirectly, more than fifty per centum in value of the outstanding... | |
 | New York (N.Y.). Tax Commission - Taxation - 1919 - 106 pages
...determined under rules and regulaions to be prescribed by the comptroller. § 361. Items not deductible. In computing net income no deduction shall in any case be allowed in respect of : 1. Personal, living, or family expenses; 2. Any amount paid out for new buildings or for permanent... | |
 | Alabama - Law - 1919 - 1476 pages
...insurance premiums to the extent of two hundred dollars annually. Section 325. ITEMS NOT DEDUCTIBLE.— In computing net income no deduction shall in any case be allowed in respect of: (a) personal, living or family expenses; (b) any amount paid out for new buildings, or for permanent... | |
 | Henry Montefiore Powell - Corporations - 1919 - 708 pages
...determined under rules and regulations to be prescribed by the comptroller. § 361. Items not deductible. In computing net income no deduction shall in any case be allowed in respect of : 1. Personal, living, or family expenses; 2. Any amount paid out for new buildings or for permanent... | |
 | George Edwin Holmes - Excess profits tax - 1919 - 1052 pages
...prescribed by the Commissioner with the approval of the Secretary. ITEMS NOT DEDUCTIBLE Sec. 235. That in computing net income no deduction shall in any case be allowed in respect of any of the items specified in section 215. CREDITS ALLOWED Sec. 236. That for the purpose only of the... | |
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Any amount paid out for new buildings or for permanent improvements or betterments made to increase the value of any property or estate... 
