 | United States - 1919 - 460 pages
...section three hundred and twentyeight. This subdivision shall not apply to any case (1) in which the tax (computed without benefit of this section) is high...profit upon a normal invested capital, nor (2) in which fifty per centum or more of the gross income of the corporation for the taxable year (computed under... | |
 | Guaranty Trust Company of New York - Canada - 1919 - 664 pages
...corporations specified in section 328. This subdivision shall not apply to any case (1) in which the tax (computed without benefit of this section) is high...corporation earned within the taxable year a high rate of profits upon a normal invested capital, nor (2)in which 50 per centum or more of the gross income of... | |
 | National City Company, United States - Internal revenue law - 1919 - 104 pages
...specified in Section 328 (par. 270-272). This subdivision shall not apply to any case (1) in which the tax (computed without benefit of this section) is high...corporation earned within the taxable year a high rate of profits upon a normal invested capital iior (2) in which 50 per centum or more of the gross income... | |
 | George Edwin Holmes - Excess profits tax - 1919 - 1048 pages
...corporations specified in section 328. This subdivision shall not apply to any case (l', in which the tax (computed without benefit of this section) is high...because the corporation earned within the taxable year a hi^'n rate of profit upon a normal invested capital, nor (2) in which 50 per centum or more of the... | |
 | George Edwin Holmes - Excess profits tax - 1919 - 1052 pages
...because the corporation earned a high rate of profits upon a normal invested capital nor (2) in which 50% or more of the gross income of the corporation for the taxable year consists of gains, profits, 126 Rov. Act of 1918, § 327. 127l4eg. 41, Art. 52. commissions or other... | |
 | Ewell D. Moore - Taxation - 1919 - 44 pages
...corporations specified in sec. 328. This subdivision does not apply in any case (1) in which the tax (without benefit of this section) is high merely because the corporation earned in the taxable year a high rate of profits on a normal invested capital nor (2) in which 50% or more... | |
 | United States - Law - 1920 - 1054 pages
...corporations specified in section 328. This subdivision shall not apply to any case (1) in which the tax (computed without benefit of this section) is high...commissions, or other income, derived on a cost-plus basis from a Government contract or contracts made between April 6, 1917, and November 11, 1918, both... | |
 | United States - Internal revenue law - 1920 - 1052 pages
...corporations specified in section 328. This subdivision shall not apply to any case (1) in which the tax basis from a Government contract or contracts made between April 6, 1917, and November 11, 1918, both... | |
 | United States - Internal revenue law - 1920 - 1064 pages
...corporations specified in section 828. This subdivision shall not apply to any cu.se (1) in which the tax (computed without benefit of this section) is high...commissions, or other income, derived on a cost-plus basis from a Government contract or contracts made between April 6, 1917, and November 11, 1918, both... | |
 | United States. Bureau of Internal Revenue - Excess profits tax - 1920 - 346 pages
...corporations specified in section 328. This subdivision shall not apply to any case (1) in which the tax (computed without benefit of this section) is high...corporation earned within the taxable year a high rate of profits upon a normal invested capital nor (2) in which 50 per centum or more of the gross income of... | |
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This subdivision shall not apply to any case (1) in which the tax (computed without benefit of this section) is high merely because the corporation earned within the taxable year a high rate of profit upon a normal invested capital... 
