 | United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1959 - 1028 pages
...purchase price is to be adjusted because of the I8ec. 23. Deductions from grogs Income. In computing net Income there shall be allowed as deductions : *****...obligations of the United States Issued after September 24, 1017, and originally subscribed for by the taxpayer) the Interest upon which Is wholly exempt from... | |
 | United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1962 - 964 pages
...correct. So far as pertinent, the applicable statutes are as follows : Internal Revenue Code of 1939, Sec. 23. Deductions from Gross Income. "In computing...or accrued within the taxable year on indebtedness, * * *" 26 USC 1952 ed., Sec. 23. Internal Revenue Code of 1954, Sec. 163. Interest. "(a) General Rule.... | |
 | United States. Internal Revenue Service - Income tax - 1931 - 502 pages
...except as it is actually paid out us required l>y law and upon demand of the proper State officers. [SEC. 23. DEDUCTIONS FROM GROSS INCOME.] [In computing...incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued after September 24. 1017, and originally... | |
 | United States. Bureau of Internal Revenue - Income tax - 1933 - 452 pages
...Indebtedness, except (1) on indebtedness incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued...wholly exempt from the taxes imposed by this title, or (2) on indebtedness incurred or continued In connection with the purchasing or carrying of an annuity.... | |
 | United States. Board of Tax Appeals - Taxation - 1934 - 1512 pages
...such property shall be included in gross income). Section 23 (b) of the 1928 Act: In computing net income there shall be allowed as deductions: *******...incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued after September 24, 1917, and originally... | |
 | United States. Internal Revenue Service - Income tax - 1936 - 604 pages
...except as it is actually paid out as required by law and upon demand of the proper State officers. [SEC. 23. DEDUCTIONS FROM GROSS INCOME.] [In computing...(other than obligations of the United States issued lifter September 24, 1917, and originally subscribed for by the taxpayer) the interest upon which is... | |
 | United States, United States. Congress. House. Committee on Ways and Means - Finance - 1936 - 308 pages
...allowance for obsolescence; and -fMf (7) INTEREST. — All interest paid within the taxable year on its indebtedness, except on indebtedness incurred or continued...taxpayer) the interest upon which is wholly exempt from taxation under this title. (b) RENTAL VALUE OF SEAL ESTATE. — The deduction under subsection (a)... | |
 | United States - Session laws - 1939 - 780 pages
...allowance for obsolescence; and (7) INTEREST. — All interest paid within the taxable year on its indebtedness, except on indebtedness incurred or continued...taxpayer) the interest upon which is wholly exempt from taxation under this chapter. (b) RENTAL VALUE OF REAL ESTATE. — The deduction under subsection (a)... | |
 | United States. Congress. Joint Committee on Tax Evasion and Avoidance - Income tax - 1937 - 496 pages
...indebtedness, except on indebtedness incurred or continued to purchase or carry obligations (other than (he obligations of the United States issued after September...wholly exempt from the taxes imposed by this title. In short, section 23 (b) simply allows as a deduction from your gross income all of the interest you... | |
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All Interest paid or accrued within the taxable year on Indebtedness, except on Indebtedness Incurred or continued to purchase or carry obligations (other than obligations of the United States Issued after September 24, 1917. and originally subscribed... 
