American Federal Tax Reports, Volume 1Prentice-Hall, 1924 - Taxation |
From inside the book
Results 1-5 of 100
Page 6
... BANKS - INTERNAL REVENUE - RETURNS , WHAT DEDUCTIONS " PROFITS " DEFINED . ALLOWED In ascertaining the " amount of profits which have accrued or been earned and received " by a bank , for which it was required to make returns by section ...
... BANKS - INTERNAL REVENUE - RETURNS , WHAT DEDUCTIONS " PROFITS " DEFINED . ALLOWED In ascertaining the " amount of profits which have accrued or been earned and received " by a bank , for which it was required to make returns by section ...
Page 7
... bank , certain profits , to - wit , $ 56,555.69 , whereof no return was ever made to the assessor ; that said profits were liable to a tax of 5 per centum , none of which ... bank which shall 7 UNITED STATES V. CENTRAL NATIONAL BANK . 613.
... bank , certain profits , to - wit , $ 56,555.69 , whereof no return was ever made to the assessor ; that said profits were liable to a tax of 5 per centum , none of which ... bank which shall 7 UNITED STATES V. CENTRAL NATIONAL BANK . 613.
Page 8
... bank during the six months preceding . ' In ascertaining the " amount of profits which have ac- crued or been earned or received , " every loss which has occurred in its legitimate business should be taken into account . A loss through ...
... bank during the six months preceding . ' In ascertaining the " amount of profits which have ac- crued or been earned or received , " every loss which has occurred in its legitimate business should be taken into account . A loss through ...
Page 9
... bank , " in case of failure to declare dividends or additions to its surplus or contingent funds , does not appear to be necessarily the same as might be imposed under section 120 upon such dividends or additions , if made . The present ...
... bank , " in case of failure to declare dividends or additions to its surplus or contingent funds , does not appear to be necessarily the same as might be imposed under section 120 upon such dividends or additions , if made . The present ...
Page 10
... bank . 2. SAME - SURPLUS FUNDS . Construing together sections 120 and 121 , their import should be held to be to tax only the actual profits made - i . e . , under section 120 for profits declared or added to their surplus funds , and ...
... bank . 2. SAME - SURPLUS FUNDS . Construing together sections 120 and 121 , their import should be held to be to tax only the actual profits made - i . e . , under section 120 for profits declared or added to their surplus funds , and ...
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36 Stat accrued Act Aug action amended amount applied assessed assets association attorney authority bank bonds capital stock Cent centum Circuit Court Circuit Judge claim collected Collector of Internal Commissioner of Internal Connecticut contract Corporation Tax December 31 deduction defendant Digests & Indexes District Court dividends fact franchise funds gross income Gulf Oil Corporation held income tax insurance company interest Internal Revenue joint-stock company judgment June 13 Key-Numbered Digests lease lessee lessor company liability loan McCoach ment mortgage net income operation organized paid pany payment plaintiff in error poration premiums profits Public Service Railway purchase purpose question Railroad Company Railway Company real estate receipts received recover revenue stamp shares statute stockholders suit surplus tax imposed Tax Law taxable taxation thereof tion topic & KEY-NUMBER trust U. S. Atty U. S. Comp United