 In computing the net income of a corporation subject to the tax imposed by section 230 there shall be allowed as deductions : • ••••*• (5) Debts ascertained to be worthless and charged off within the taxable year...  Reports of the U.S. Board of Tax Appeals - Page 485by United States. Board of Tax Appeals - 1931Full view - About this book
 | United States. Court of Claims - 1937 - 710 pages
...1928. section 23 (j), which provide that in computing net income there shall be allowed as deductions "Debts ascertained to be worthless and charged off...Commissioner, a reasonable addition to a reserve for bad debts) ; * * *." The use of the reserve system in connection with deductions for worthless debts... | |
 | United States. Court of Claims - 1938 - 834 pages
...(2) In the case of property acquired on or after that date, the cost thereof * * * SEC. 234 (a). That 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 - 1929 - 868 pages
...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 - 1941 - 708 pages
...provisions of section 23 (k) of the revenue act of 1934 which provides for the allowance of a deduction for "Debts ascertained to be worthless and charged off within the taxable year * * *." (48 Stat. 680, 689.) The statute provides two conditions precedent for the allowance of a bad-debt... | |
 | 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 subject...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... | |
 | New York (State). Comptroller's Office - 1919 - 24 pages
...or from theft, and not compensated for by insurance or otherwise. (Section 360, subdivision 6) (f) Debts ascertained to be worthless and charged off within the taxable year. (Section 360, subdivision 7) (g) A reasonable allowance for the exhaustion, wear and tear of property... | |
 | Guaranty Trust Company of New York - 1919 - 664 pages
...collected and received by them less amounts paid for reinsurance. DEDUCTIONS ALLOWED SEC. 234.(a) That in computing the net income of a corporation subject...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
...manufacture and disposition of goods within the United States. DEDUCTIONS ALLOWED Sec. 234. (a) That in computing the net income of a corporation subject...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... | |
 | George Edwin Holmes - 1919 - 1052 pages
...manufacture and disposition of goods within the United States. DEDUCTIONS ALLOWED Sec. 234. (a) That in computing the net income of a corporation subject to the tax imposed by section 2'!0 there shall be allowed as deductions: (1) All the ordinary and necessary expenses paid or incurred... | |
| |
