 | United States. Court of Claims - 1929 - 762 pages
...income under section 234 (a) (8)1 of the revenue act of 1918, 40 Stat. 1057, 1077. 1 SEc. 234. (a) That in computing the net income of a corporation...by section 230 there shall be allowed as deductions : • ••'•'* (8) In the case of buildings, machinery, equipment, or other facilities, constructed,... | |
 | United States. Court of Claims, Audrey Bernhardt - 1950 - 940 pages
...$1,413,148.99. The Revenue Act of 1926 provided : Deductions Allowed Corporations SEC. 234 (a), — In computing the net income of a corporation subject...section 230, there shall be allowed as deductions : ***** (4) Losses sustained during the taxable year and not compensated for by insurance or otherwise.... | |
 | United States. Court of Claims - 1928 - 758 pages
...to the sum of the following." [Here follow the rates.] " SEC. 214. (a) That in computing net income there shall be allowed as deductions: "(3) Taxes paid or accrued within the taxable year imposed (a) by the authority of the United States, except income, war-profits, and excess-profits taxes; or... | |
 | United States. Court of Claims - 1929 - 868 pages
...Opinion of the Court The provision of the act of 1918, involved herein, is as follows : "SEC. 234 (a). That in computing the net income of a corporation subject to the tax imposed by sec. 230 there shall be allowed as deductions: "(1) All the ordinary and necessary expenses paid or... | |
 | United States. Court of Claims - 1934 - 914 pages
...II of this title shall apply to the income of estates * * *." "SEC. 214. (a) In computing net income there shall be allowed as deductions: ***** "(3) Taxes paid or accrued within the taxable year except * * *. For the purpose of this paragraph, estate, inheritance, legacy, and succession taxes... | |
 | United States. Department of Justice - 1922 - 710 pages
...value." Section 234 (a) (9) of the Act of February 24, 1919, (40 Stat. 1077, 1078) , provides : "(a) That in computing the net income of a corporation...by section 230 there shall be allowed as deductions : "(9) In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance... | |
 | 1925 - 1112 pages
...term. Section 234 (a) of the Revenue Act of 1918 (Сотр. St Ann. Supp. 1919, § 6336y8pp) provides that "in computing the net income of a corporation...section 230 there shall be allowed as deductions: • • • (7) A reasonable allowance for the exhaustion, wear and tear of property used in the trade... | |
 | Guaranty Trust Company of New York - 1919 - 664 pages
...premiums collected and received by them less amounts paid for reinsurance. DEDUCTIONS ALLOWED SEC. 234.(a) That in computing the net income of a corporation...section 230 there shall be allowed as deductions: (1) All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on... | |
 | George Edwin Holmes - 1919 - 1048 pages
...the manufacture and disposition of goods within the United States. DEDUCTIONS ALLOWED Sec. 234. (a) That in computing the net income of a corporation...tax imposed by section 230 there shall be allowed :1s deductions: (10) In the case of insurance companies, in addition to the above: (a) The net addition... | |
 | National City Company, United States - 1919 - 104 pages
...within the United States. Foreign corporations gross income. DEDUCTIONS ALLOWED. 148. SEC. 234. (a) That in computing the net income of a corporation subject to the tax imposed by Section 230 (par. 124-127) there shall be allowed as deductions : 149. (1) All the ordinary and necessary expenses... | |
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All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation for... 
