 | United States. Court of Claims, Audrey Bernhardt - 1958 - 910 pages
...sections of the Internal Revenue Code of 1939 are section 162 and section 23 (a) (2) which follow : Sec. 162. NET INCOME. The net income of the estate or trust...basis as in the case of an individual, except that * * * Sec. 23. DEDUCTIONS FROM GROSS INCOME. In computing net income there shall be allowed as deductions... | |
 | United States. Court of Claims - 1948 - 886 pages
...carrying on propaganda, or otherwise attempting, to Influence legislation ; * • » • • SEC. 162. NUT INCOME. The net income of the estate or trust shall...basis as In the case of an Individual, except that — (a) There shall be allowed as a deduction (in lieu of the deduction for charitable, etc., contributions... | |
 | United States. Court of Claims - 1941 - 708 pages
...the income of estates or of any kind of property held in trust, * * * and Section 162 provides: The net income of the estate or trust shall be computed...on the same basis as in the case of an individual, * * * with certain exceptions not material here. Section 23 specifies the deductions from gross income... | |
 | United States. Court of Claims - 1937 - 786 pages
...recover in either action. Section 162 of the Revenue Act of 1928 provides that the net income of an estate or trust shall be computed in the same manner...basis as in the case of an individual, except that there shall be allowed as an additional deduction, in computing the net income of the trust, the amount... | |
 | United States. Court of Claims, Audrey Bernhardt - 1949 - 832 pages
...individuals for tax purposes. Section 183 of the bill provides that the net income of a partnership shall be computed in the same manner and on the same basis as in the case of an individual (the same as the rule of the prior acts), with the following exception: (1) The partnership is required... | |
 | United States. Department of Justice - 1922 - 710 pages
...shall be responsible for making the return of income for the estate or trust for which he acts. The net income of the estate or trust shall be computed in the same manner and on the same basis as provided in section 212," with one exception not material to the present question. Subsection... | |
 | 1926 - 1144 pages
...both of income of the class described in paragraph (4) of subdivision (a) of this section and other income, the net income of the estate or trust shall be computed and a return thereof made by the fiduciary in accordance with subdivision (b) und the tax shall be... | |
 | Guaranty Trust Company of New York - 1919 - 664 pages
...shall be responsible for making the return of income for the estate or trust for which he acts. The net income of the estate or trust shall be computed in the same manner and on the same basis as provided in section 212, except that there shall also be allowed as a deduction (in lieu... | |
 | Harris, Forbes & co., New York - 1919 - 164 pages
...shall be responsible for making the return of income for the estate or trust for which he acts. The net income of the estate or trust shall be computed in the same manner and on the same basis as provided in section 212, except that there shall also be allowed as a deduction (in lieu... | |
 | National City Company, United States - 1919 - 104 pages
...shall be responsible for making the return of income for the estate or trust for which he acts. The net income of the estate or trust shall be computed in the same manner and on the same basis as provided in Section 212 (par. 45-47), except that there shall also be allowed as a deduction... | |
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The net income of the estate or trust shall be computed in the same manner and on the same basis as in the case of an individual... 
