...(3) Taxes paid or accrued within the taxable year except (A) income, war-profits, and excesa-pronte taxes imposed by the authority of the United States....authority of any foreign country or possession of the United States ae is allowed as a credit under section 238, and (C) taxes assessed against local benefits...

...year, except — (A) income taxes; (B) es estate, inheritance, legacy, succession, and gift taxes; (C) taxes assessed against local benefits of a kind...tending to increase the value of the property assessed; but this paragraph shall not exclude the allowance as a deduction of so much of such taxes as is properly...

...section 131 (d) . If it is the desire of the taxpayer to claim as a credit and not as a deduction accrued income, war-profits, and excessprofits taxes Imposed...authority of any foreign country or possession of the United States but at the time the return is made It Is impossible to estimate the amount of such taxes...

...possessions of the United States) ; (3) Estate, inheritance, legacy, succession, and gift taxes ; and (4) Taxes assessed against local benefits of a kind tending to increase the value of the property assessed ; but this paragraph shall not exclude the allowance as a deduction of so much of such taxes as is...

...Act of 1934, or Subchapter E of Chapter 2, or by any such provisions as amended or supplemented; (C) tes United States, if the taxpayer chooses to take to any extent the benefits of section 131; (D) estate,...

...by this chapter. The corresponding amendment to section 23 is printed in italics below: (c) (1) (C) income, war-profits, and excess-profits taxes imposed...authority of any foreign country or possession of the United States ; but this deduction shall be allowed in the case of a taxpayer who does not signify...

...(c) Taxes generally. — Taxes paid or accrued within the taxable year, except — • * * * * (2) BO much of the income, war-profits, and excess-profits...possession of the United States as is allowed as a credit against the tax under section 131 ; • * * * * SEC. 119. INCOME FBOM SOURCES WITHIN UNITED STATEs....

...567), and other than the declared value excess profits tax imposed by section 600); Sec. 23. (c) (2) Income, warprofits, and excess-profits taxes imposed...authority of any foreign country or possession of the United States; but this deduction shall be allowed in the case of a taxpayer who does not signify in...

...Title II of the Revenue Act of 1917 * * * or by any such provisions as amended or supplemented; (C) income, war-profits, and excess-profits taxes imposed...authority of any foreign country or possession of the United States, if the taxpayer chooses to take to any extent the benefits of section 131; (D) estate,...

...(relating to credit for taxes of foreign countries) ; ((-•') Estate, inheritance and gift taxes; and (D) Taxes assessed against local benefits of a kind tending to increase the value of the property assessed. (2) Limitations on deductions. — (A) In the case of a nonresident alien individual and a foreign...