 | United States - Session laws - 1939 - 780 pages
...acquired substantially Identical property, see section 11& (k) BAD DEBTS. — (1) GENERAL RULE. — Debts ascertained to be worthless and charged off...charged off within the taxable year, as a deduction. This paragraph shall not apply in the case of a taxpayer, other than a bank, as defined in section... | |
 | United States. Congress. Internal Revenue Taxation Joint Committee - 1933 - 262 pages
...— The special deduction for net 'losses of a prior year, to the extent provided In section 117. 0) Bad debts. — Debts ascertained to be worthless and...charged off within the taxable year, as a deduction. (k) Depreciation. — A reasonable allowance for the exhaustion, wear and tear of property used In... | |
 | Administrative law - 1954 - 1390 pages
...Identical property, see section 118. (k) Bod debts — (1) General rule. Debts which become worthless within the taxable year; or (In the discretion of...charged off within the taxable year, as a deduction. This paragraph shall not apply In the case of a taxpayer, other than a bank, as defined In section... | |
 | United States. Tax Court - Taxation - 1943 - 1296 pages
...amended, the section permits the deduction from gross income of : * * * Debts which become worthless within the taxable year; or (In the discretion of...such debt, in an amount not in excess of the part which becomes worthless within the taxable year, as a deduction. * * • By subdivision (d) of section... | |
 | United States. Tax Court - Law reports, digests, etc - 1957 - 1144 pages
...or • • • • • • • (k) BAD DEBTS. — (1) GBNBUL BULB. — Debt! which become worthless within the taxable year; or (In the discretion of...may allow such debt. In an amount not in excess of tbe part charged off within the taxable year. as a deduction. • • • • (4) Noif-BusiNBsa DXBTB.... | |
 | United States. Tax Court - Law reports, digests, etc - 1944 - 1254 pages
...shall be allowed as deductions : • ••••• « (k) BAD DEBTS. — ( 1 ) GENERAL RULE. — Debts ascertained to be worthless and charged off...debt is recoverable only in part, the Commissioner mv allow such debt, in an amount not in excess of the part charged off within the taxable year, as... | |
 | United States. Tax Court - Law reports, digests, etc - 1953 - 1374 pages
...deductions : • •••••• (k) BAD DEBTS. — (1) GENERAL RULE. — Debts which become worthless within the taxable year; or (In the discretion of...Commissioner may allow such debt. In an amount not tn excess of the part charged off within the taxable year, as a deduction. This paragraph shall not... | |
 | United States. Tax Court - Law reports, digests, etc - 1960 - 1512 pages
...DEDUCTIONS FROM GROSS INCOME, (k) BAD DEBTS. — (1) GENERAL BOLD. — Debts which become worthless within the taxable year; or (In the discretion of...debt Is recoverable only In part, the Commissioner ma; allow such debt. In an amount not In excess of the part charged oft within the taxable rear, as... | |
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Debts ascertained to be worthless and charged off within the taxable year (or, in the discretion of the Commissioner, a reasonable addition to a reserve for bad debts) ; and when satisfied that a debt is recoverable only in part, the Commissioner may... 
