 | Administrative law - 1961 - 566 pages
...(4) Depreciation. The depreciation deduction allowed by section 167. (5) Interest paid or accrued. All interest paid or accrued within the taxable year...originally subscribed for by the taxpayer) the interest on which is wholly exempt from taxation under this subtitle. (6) Capital losses. Capital losses to... | |
 | United States. Tax Court - Law reports, digests, etc - 1961 - 1188 pages
...shall be allowed as deductions : • *•*»*• (b) INTEREST. — AH Interest paid or accrued wllliin the taxable year on Indebtedness, except on Indebtedness...subscribed for by the taxpayer) the Interest upon which \8 wholly exempt from the taxes Imposed by this chapter. As to the disputed interest (Greenview), respondent,... | |
 | United States. Tax Court - Taxation - 1963 - 1130 pages
...individuals who advanced funds. ' SBC. 23. [IRC 1939] DEDUCTIONS FROM QROSS INCOME. In computing net Income there shall be allowed as deductions: • ••••••...which Is wholly exempt from the taxes Imposed by this chapter. •SEC. 163. [IRC 19B4] INTEREST. The respondent does not suggest that the advances in question... | |
 | United States. Tax Court - Law reports, digests, etc - 1963 - 1118 pages
...GROSS INCOME). In computing net Income there shall be allowed as deduct I mm: • •••••• (b) INTEREST. — All Interest paid or accrued within...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... | |
 | United States. Congress. Senate. Committee on Finance - Income tax - 1968 - 732 pages
...purchase or carry, or the proceeds of which were used to purchase or carry, obligations «P see+u-rtiesi ( other than obligations of the United States issued...wholly exempt from the taxes imposed by this title, or (2) * * *." (Words added are in italic; words eliminated are stricken through.) The Committee's... | |
 | Administrative law - 1966 - 2090 pages
...(4) Depreciation. The depreciation deduction allowed by section 167. (5) Interest paid or accrued. All Interest paid or accrued within the taxable year...(other than obligations of the United States Issued alter September 24, 1917, and originally subscribed for by the taxpayer) the interest on which is wholly... | |
 | United States. Congress. House. Committee on Ways and Means - 1967 - 1204 pages
...Depreciation. — The depreciation deduction allowed by section 167. . > (5) Interest paid or accrued. — All interest paid or accrued within the taxable year...originally subscribed for by the taxpayer) the interest on which is wholly exempt from taxation under this subtitle. 45 (6) Capital losses. — Capital losses... | |
 | Corporations - 1961 - 86 pages
...— Enter interest paid or accrued on business indebtedness. Do not include 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 income tax. (Section 265.) See section 267 for limitation on deductions... | |
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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... 
