 | 1954 - 766 pages
...any year shall be determined as of the firct day of the year. Borrowed capital as of any day •hall be determined as of the beginning of such day and shall be the amount of the outstanding indebted л где (not including interest) of the taxpayer, incurred in... | |
 | 1941 - 1300 pages
...paragraph which has been includible in gross income. " (b) BORROWED INVESTED CAPITAL. — The borrowed invested capital for any day of any taxable year shall...determined as of the beginning of such day and shall be an amount equal to 50 per centum of the borrowed capital for such day. " (a) DEFINITIONS. — For the... | |
 | United States - 1953 - 1744 pages
...highest. (3) Total assets. For the purposes of this subsection the taxpayer's total assets as of any day shall be determined as of the beginning of such day and shall be an amount equal to the sum of the cash and the property other than cash, held by such taxpayer for... | |
 | United States. Congress. House. Committee on Ways and Means - 1942 - 1270 pages
...processing, canning, or otherwise preparing for market fruits, vegetables, or sea food, the borrowed invested capital for any day of any taxable year shall...determined as of the beginning of such day and shall be an amount equal to 100 per centum of the borrowed capital for such day." Mr. Cooper. What is the nature... | |
 | United States. Tax Court - 1945 - 1374 pages
...National Grocer Co. case there was involved section 234 (a) (14) of the Revenue Act of 1921," 1 SEC. 718. EQUITY INVESTED CAPITAL. (a) DEFINITION. — The equity...be determined as of the beginning of such day and sball be the sum of the following amounts, reduced as provided In subsection (b) — • ••••••... | |
 | United States. Tax Court - 1945 - 1468 pages
...CAPITAL. (a) DEFINITION. — The equity Invested capital for any day of any taxable year shall b« determined as of the beginning of such day and shall be the sum of the following amounts, reduced a* provided In subsection (b)— • •••••• (2) PROPKBTY PAID IN. — Property (other than... | |
 | United States. Tax Court - 1946 - 1804 pages
...stock at the time of petitioner's organization. Section 718 provides in part as follows : 8BC. 718. EQUITY INVESTED CAPITAL. (a) DEFINITION. — The equity...of the beginning of such day and shall be the sum if the following amounts, reduced as provided In subsection (b) — (1) MONET PAID IN. — Money previously... | |
 | United States. Tax Court - 1947 - 1574 pages
...204 shall exclude from earnings and profits that portion of any premium which is unearned 1 SEC. 718. EQUITY INVESTED CAPITAL. (a) DEFINITION. — The equity...day of any taxable year shall be determined as of tin- beginning of such day and shall be the sum of the following amounts, reduced as provided In subsection... | |
 | United States. Tax Court - 1947 - 1642 pages
...were paid as follows: By the increase in the Abstract books, Abstract records, and the prop1 SEC. 718. EQUITY INVESTED CAPITAL. (a) DEFINITION. — The equity...for any day of any taxable year shall be determined a8 of the beginning of such day and Bhall be the sum of the following amounts, reduced as provided... | |
 | United States. Tax Court - 1947 - 1522 pages
...portion of any premium which Is unearned 1 SEC. 718. EQUITY INVESTED CAPITAL. (a) DEFINITION. — Tbe equity Invested capital for any day of any taxable year shall be determined as of the beginning of sucb day and shall be the sum of the following amounts, reduced as provided In subsection (b) — •... | |
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EQUITY INVESTED CAPITAL. (a) DEFINITION. — The equity invested capital for any day of any taxable year shall be determined as of the beginning of such day and shall be the sum of the following amounts, reduced as provided in subsection (b) — (1) MONET... 
