 | Administrative law - 1959 - 1584 pages
...accrued) wholly exempt from the taxes Imposed by this subtitle. (2) Interest. Interest on Indebtedness Incurred or continued to purchase or carry obligations...originally subscribed for by the taxpayer) the Interest on which Is wholly exempt from the taxes Imposed by this subtitle. [TD 6313, 23 PR 7174, Sept. 17,... | |
 | United States, Walter Elbert Barton - Income tax - 1950 - 1126 pages
...contract. Sec. 201. (c) (6) Interest paid.— The term "interest paid" means— (A) All interest paid within the taxable year on indebtedness, except on...States issued after September 24, 1917, and originally subSame as 1944. Sec. 201. (c) (4) Reserve earnings rate. Same as 1944. Sec. 201. (c) (5) deferred... | |
 | United States. Internal Revenue Service - Income - 1951 - 1868 pages
...11. INTEREST Enter the amount of interest paid or accrued during the taxable year on the company's indebtedness, except on indebtedness incurred or continued...September 24, 1917. and originally subscribed for bv (he taxpayer) the interest upon which is wholly exempt from taxation. 12. OTHER CAPITAL LOSSES Enter... | |
 | United States. Tax Court - Law reports, digests, etc - 1952 - 1718 pages
...and other sections of the Internal Revenue » BBC. 23. DEDUCTIONS FROM GROSS INCOME. In computing net Income there shall be allowed as deductions : •...obligations of the United States Issued after September 24, 1817, and originally subscribed for by the taxpayer) the Interest upon which Is wholly exempt from... | |
 | United States. Tax Court - Law reports, digests, etc - 1953 - 1326 pages
...debtor-creditor relationship. There is a vital distinction between a creditor relationship and a stockholder 1 SEC. 23. DEDUCTIONS FROM GROSS INCOME. In computing...or carry obligations (other than obligations of the fnlted States issued after September 24, 1917, and originally subscribed for by the taxpayer) the Interest... | |
 | United States, Walter Elbert Barton - Income tax - 1953 - 708 pages
...contract. Sec. 2O 1. (c) (6) Interest paid.— The term "interest paid" means — (A) All interest paid within the taxable year on indebtedness, except on...taxpayer) the interest upon which is wholly exempt from taxation under this chapter, and (B) All amounts in the nature of interest, whether or not guaranteed,... | |
 | United States. Tax Court - Taxation - 1953 - 1328 pages
...debtor-creditor relationship. There is a vital distinction between a creditor relationship and a stockholder 1 SEC. 23. DEDUCTIONS FROM GROSS INCOME. In computing...continued to purchase or carry obligations (other flu" obligations of the United States issued after September 24, 1917, and originally subscribed for... | |
 | United States. Internal Revenue Service - Tax administration and procedure - 1961 - 1668 pages
...Indebtedness, except (1) on Indebtedness Incurred or continued to purchase or curry obligations or securities (other than obligations of the United States Issued...wholly exempt from the taxes imposed by this title, or (2) on Indebtedness Incurred or continued In connection with the purchasing or carrying of an annuity."... | |
 | United States. Internal Revenue Service - Tax administration and procedure - 1967 - 1510 pages
...TAX-EXEMPT INCOME. — No deduction shall be allowed for— * * * (2) INTEREST. — Interest on indebtedness incurred or continued to purchase or carry obligations...originally subscribed for by the taxpayer) the interest on which is wholly exempt from the taxes imposed by this subtitle. In applying the preceding sentence... | |
 | United States. Tax Court - Taxation - 1955 - 1498 pages
...interest during his lifetime, since during the time he was alive the interest was merely being added 1 SEC. 23. DEDUCTIONS FROM GROSS INCOME. In computing...obligations of the United States Issued after September 24, 1017, and originally subscribed for by the taxpayer) the Interest upon which Is wholly exempt from... | |
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All Interest paid or accrued within the taxable year on Indebtedness, except on Indebtedness Incurred or continued to purchase or carry obligations (other than obligations of the United States Issued after September 24, 1917. and originally subscribed... 
