...corporation, Joint stock ppany or association, or Insurance company, organized under the laws of a forЬ country, such net income shall be ascertained by deducting from the gross pwnt of its Income received within the year from business transacted and capital freeted within the...

...over and above $5,000, with exceptions not here pertinent. The second paragraph of § 38 provided : "Such net income shall be ascertained by deducting from the gross amount of the income of such ... insurance company . . . (second) all losses actually sustained within the year...

...corporation, joint-stock company or association, or insurance company, organized in the United States, such net income shall be ascertained by deducting from the gross amount of its income received within the year from all sources — "First. All the ordinary and necessary expenses paid...

...dividends upon stocks of other corporations * * * subject to the tax hereby imposed. * * * Second. Such net income shall be ascertained by deducting from the gross amount of the income of such corporation * * * received within the year from all sources (first) all the ordinary...

...preceding calendar year from all sources within the United States by every corporation, joint-stock company or association, or insurance company, organized,...or existing under the laws of any foreign country, including interest on bonds, notes, or other interest-bearing obligations of residents, corporate or...

...company, organized in the United States, no matter how created or organized, not including partnerships. "Such net income shall be ascertained by deducting from the gross amount of the income of such corporation, joint-stock company or association, or insurance company, received...

...sources, and, if organized under the laws of a foreign country, the gross amount of its Income received within the year from business transacted and capital Invested within the United States; (6) the amount of its ordinary and necessary expenses paid out of earnings in the maintenance and operation...

...not including those assessed against local benefits. "(b) In the case of a corporation, joint-stock company or association, or insurance company, organized,...ascertained by deducting from the gross amount of its income received within the year from all sources within the United States — "First. All the ordinary and...

...of the net income of which inures to the benefit of any private stockholder or individual. "Second. Such net income shall be ascertained by deducting from the gross amount of the income of such corporation, joint stock company or association, or insurance company, received...

...of the net income of which inures to the benefit of any private stockholder or individual. Second. Such net income shall be ascertained by deducting from the gross amount of the income of such corporation, joint stock company or association, or insurance company, received...