American Federal Tax Reports, Volume 1Prentice-Hall, 1924 - Taxation |
From inside the book
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Page 8
... surplus or contingent funds as often as once in six months , shall make a list or return in duplicate , under oath , to the assessor of the amount of profits which have accrued or been earned and received by such bank during the six ...
... surplus or contingent funds as often as once in six months , shall make a list or return in duplicate , under oath , to the assessor of the amount of profits which have accrued or been earned and received by such bank during the six ...
Page 9
... surplus or contingent funds . " The duty imposed by sec- tion 121 on " the amount of profits which have accrued or been earned and received by the bank , " in case of failure to declare dividends or additions to its surplus or ...
... surplus or contingent funds . " The duty imposed by sec- tion 121 on " the amount of profits which have accrued or been earned and received by the bank , " in case of failure to declare dividends or additions to its surplus or ...
Page 10
... surplus or contingent funds of the 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 ...
... surplus or contingent funds of the 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 ...
Page 12
... surplus and contingent fund earned in former years , not only the amounts now claimed , but a much larger sum , and ... surplus or contingent funds then payable under sec- tion 120 ; but if no dividends or additions to the surplus or ...
... surplus and contingent fund earned in former years , not only the amounts now claimed , but a much larger sum , and ... surplus or contingent funds then payable under sec- tion 120 ; but if no dividends or additions to the surplus or ...
Page 13
... surplus , contingent , or other fund . " 2. SAME - INTENT OF ACT OF 1870 . The statute of 1870 was intended to reduce the tax on profits from five to two and one - half per cent . , but was not intended to remove from such reduced tax ...
... surplus , contingent , or other fund . " 2. SAME - INTENT OF ACT OF 1870 . The statute of 1870 was intended to reduce the tax on profits from five to two and one - half per cent . , but was not intended to remove from such reduced tax ...
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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