 | 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
...plaintiffs' recovery on this part of their case. Section 24 (b) (1) of the Internal Revenue Code provides : In computing net income no deduction shall in any case be allowed in respect of losses from sales or exchanges of property, directly or indirectly — (A) between members of a family... | |
 | United States. Court of Claims - Claims - 1937 - 710 pages
...incurred. Moreover, section 215 (b) of the Revenue Act of 1918 provides that there may be no deduction for any amount paid out for new buildings or for permanent improvements or betterments to increase the value of any property or estate, and, as the asset acquired was a longterm lease, which... | |
 | United States. Department of the Treasury - Finance, Public - 1922 - 1102 pages
...Revenue for his decision. No deduction as expenses is allowed by the law in any case in respect of any amount paid out for new buildings, or for permanent...made to increase the value of any property or estate. Richard R. Doerschuck v. United States. — United States District Court (TD 3170). A dividend paid... | |
 | Roger Foster, Everett Vergnies Abbot - Income tax - 1895 - 1126 pages
...must not exceed the average paid out for such purposes for the preceding five years. Amounts expended for permanent improvements or betterments, made to increase the value of any property or estate, cannot be deducted. Suling, 1 IRR 140. Repairs must be distinguished from permanent improvements. The... | |
 | United States. Internal Revenue Service - Internal revenue law - 1906 - 310 pages
...deducted not to exceed the average paid out for such expenses during five preceding years. Expenses for permanent improvements or betterments made to increase the value of any property or estate can not be deducted. If a farmer buys stock in 1862 for $500 and sells the same for $1,000 in 1864,... | |
 | New York (State). Comptroller's Office - Finance - 1919 - 24 pages
...section 361 that no deduction shall be allowed in respect of (a) personal, living or family expenses; (b) any amount paid out for new buildings or for permanent...made to increase the value of any property or estate; (c) any amount expended in restoring property or in making good the exhaustion thereof, for which an... | |
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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... 
