| United States. Court of Claims - Law reports, digests, etc - 1928 - 760 pages
...statute here is sec. 234 (a) (5) of the revenue act of 1918, 40 Stat. 1077, 1078, as follows : SEC. 234. (a) That in computing the net income of a corporation...worthless and charged off within the taxable year. Under this statute, to entitle plaintiff to the deduction claimed it is necessary that it should satisfactorily... | |
| 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
...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 - 1941 - 708 pages
...provisions of section 23 (k) of the revenue act of 1934 which provides for the allowance of a deduction for "Debts ascertained to be worthless and charged off within the taxable year * * *." (48 Stat. 680, 689.) The statute provides two conditions precedent for the allowance of a bad-debt... | |
| 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... | |
| New York (State). Comptroller's Office - Finance - 1919 - 24 pages
...or from theft, and not compensated for by insurance or otherwise. (Section 360, subdivision 6) (f) Debts ascertained to be worthless and charged off within the taxable year. (Section 360, subdivision 7) (g) A reasonable allowance for the exhaustion, wear and tear of property... | |
| Guaranty Trust Company of New York - Canada - 1919 - 664 pages
...premiums collected and received by them less amounts paid for reinsurance. DEDUCTIONS ALLOWED SEC. 234.(a) That in computing the net income of a corporation...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... | |
| George Edwin Holmes - Excess profits tax - 1919 - 1048 pages
...on the manufacture and disposition of goods within the United States. DEDUCTIONS ALLOWED Sec. 234. (a) That in computing the net income of a corporation...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
...goods within the United States. Foreign corporations gross income. DEDUCTIONS ALLOWED. 148. SEC. 234. (a) That in computing the net income of a 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... | |
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