 | United States. Board of Tax Appeals - Taxation - 1930 - 1618 pages
...The 1916 Act provides for the deduction from gross income of : • * * First. All the ordinary nnd necessary expenses paid within the year in the maintenance and operation of its business and properties, * * *. The 1918 Act allows as deductions: (1) All the ordinary and necessary expenses paid... | |
 | United States. Board of Tax Appeals - Taxation - 1935 - 1394 pages
...that they constituted rental? In its opinion, the Court said : Clearly the expenditures were not " expenses paid within the year in the maintenance and operation of its (respondent's) business and properties"; but were for additions and betterments of a permanent character,... | |
 | United States. Office of Commissioner of Internal Revenue - Taxation - 1914 - 352 pages
...joint-stock company or association, or insurance company, received within the year from all sources, (first) all the ordinary and necessary expenses paid within the year in the maintenance and operation of its busines? and properties, including rentals or other payments required to be made as a condition to... | |
 | Lyman Spaulding Hulbert - Agriculture, Cooperative - 1942 - 490 pages
...dividends so paid were an expense within the meaning of a tax statute which authorized the deduction of "All the ordinary and necessary expenses paid within the year in the maintenance and operation * * * including * * * salaries * * * rentals * * *," and hence were deductible in determining net profit."... | |
 | Agriculture, Cooperative - 1955 - 1182 pages
...dividends so paid were an expense within the meaning of a tax statute which authorized the deduction of "All the ordinary and necessary expenses paid within the year in the maintenance and operation * * * including * * * salaries * * * rentals * * * ," and hence were deductible in determining net... | |
 | United States. Congress. Senate. Committee on Banking and Currency - Banking law - 1969 - 1098 pages
...Central. The Supreme Court, however, reversed this decision and stated: "Clearly the expenditures were not 'expenses paid within the year in the maintenance and operation of its (respondent's) business and properties;' but were for additions and betterments of a permanent character,... | |
 | North Dakota - Session laws - 1919 - 564 pages
...by deducting from the gross amount of its income received within the year from all sources. First. All the ordinary and necessary expenses paid within...the maintenance and operation of its business and properties, including rentals or other payments required to be made as a condition to the continued... | |
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First. All the ordinary and necessary expenses paid within the year in the maintenance and operation of its business and properties, including rentals or other payments required to be made as a condition to the continued use or possession of property;... 
