...corporation should be ascertained by deducting from its gross income received within the year, first, the "ordinary and necessary expenses paid within the...the maintenance and operation of its business"; and, in section 13 (d), that a corporation "keeping accounts upon any basis other than that of actual receipts...

...dividends so paid were an expense within the meaning of a tax statute which authorized tk 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."...

...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...

...ascertained by deducting from the gross amount of income received within the year from all sources: 1st. Ordinary and necessary expenses paid within the year in the maintenance and operation of business and property, including rentals or other payments required to be made as a condition to the...

...properties for additions and betterments under a long term lease, that : 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,...