 | United States. Court of Claims - Law reports, digests, etc - 1929 - 762 pages
...against gross income under section 234 (a) (8)1 of the revenue act of 1918, 40 Stat. 1057, 1077. 1 SEc. 234. (a) That in computing the net income of...by section 230 there shall be allowed as deductions : • ••'•'* (8) In the case of buildings, machinery, equipment, or other facilities, constructed,... | |
 | 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
...capital 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... | |
 | 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... | |
 | Harris, Forbes & co., New York - Income tax - 1919 - 164 pages
...disposition of goods within the United States. Deductions Allowed. Sec. 214. (a) That in computing net income there shall be allowed as deductions: (1) All the...in carrying on any trade or business, including a reason, able allowance for salaries or other compensation for personal services [actually rendered,... | |
 | National City Company, United States - Internal revenue law - 1919 - 104 pages
...disposition of goods within the United States. Foreign corporations gross income. DEDUCTIONS ALLOWED. 148. SEC. 234. (a) That in computing the net income of...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... | |
 | United States - Law - 1920 - 1054 pages
...and disposition of goods within the United States. [40 Stat. L. 1077.] Sue. 234. Deductions allowed, (a) That in computing the net income of a corporation...section 230 there shall be allowed as deductions : (1) Л11 the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any... | |
 | Accounting - 1920 - 502 pages
...a portion of such discovery value." Section 234 (a) (9) of the act of February 24, 1919, provides: (a) That in computing the net income of a corporation...by section 230 there shall be allowed as deductions : (9) In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance... | |
 | John F. Sherwood - Accounting - 1920 - 272 pages
...ascertained to be worthless and charged off within the taxable year." Section 234. (a) [Corporations] "That in computing the net income of a corporation...Section 230, there shall be allowed as deductions: (5). "Debts ascertained to be worthless and charged off within the taxable year." (*TD 2433, January... | |
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Sec. 234. (a) That in computing the net income of a corporation subject to the tax imposed by 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 any trade... 
