 | United States. Court of Claims, Audrey Bernhardt - 1959 - 1028 pages
...purchase price is to be adjusted because of the I8ec. 23. Deductions from grogs Income. In computing net Income there shall be allowed as deductions : *****...obligations of the United States Issued after September 24, 1017, and originally subscribed for by the taxpayer) the Interest upon which Is wholly exempt from... | |
 | United States. Court of Claims, Audrey Bernhardt - 1962 - 964 pages
...correct. So far as pertinent, the applicable statutes are as follows : Internal Revenue Code of 1939, Sec. 23. Deductions from Gross Income. "In computing...or accrued within the taxable year on indebtedness, * * *" 26 USC 1952 ed., Sec. 23. Internal Revenue Code of 1954, Sec. 163. Interest. "(a) General Rule.... | |
 | United States. Court of Claims - 1930 - 854 pages
...indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued...taxpayer) the interest upon which is wholly exempt from taxation under this title," as income to the taxpayer. The language of the exception is general and... | |
 | National City Company - 1921 - 104 pages
...indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued...taxpayer) the interest upon which is wholly exempt from taxation under this title;" Limitation of taxable interest, on indebtedness to purchase or carry Government... | |
 | United States - 1921 - 642 pages
...indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued...taxpayer) the interest upon which is wholly exempt Domestic taxes from taxation under this title; Exception. ' (3) Taxes paid or accrued within the taxable... | |
 | Emerson Emanuel Rossmoore - 1922 - 592 pages
...indebtedness, except on indebtedness incurred or continued M to purchase or carry obligations or securities (other than obligations of the United States issued...taxpayer) the interest upon which is wholly exempt from taxation under this title; (3) Taxes paid or accrued within the taxable year except (a) income, war-profits,... | |
 | United States - 1922 - 1028 pages
...indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued...taxpayer) the interest upon which is wholly exempt from taxation under this title; ( 9 ) In the case of a domestic life insurance company, the net income of... | |
 | Actuarial Society of America - 1922 - 570 pages
...indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued...taxpayer), the interest upon which is wholly exempt from taxation under this item." It would seem, therefore, that the following items should be included in... | |
 | United States - 1922 - 756 pages
...indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued...taxpayer) the interest upon which is wholly exempt from taxation under this title; (3) Taxes paid or accrued within the taxable year except (a) income, war-profits,... | |
 | Irving Bank. Columbia Trust Company - 1923 - 148 pages
...indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued...taxpayer) the interest upon which is wholly exempt from taxation under this title; (9) In the case of a domestic life insurance company, the net income of... | |
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Interest. All Interest paid or accrued within the taxable year on Indebtedness, except on Indebtedness Incurred or continued to purchase or carry obligations (other than obligations of the United States Issued after September 24, 1917. and originally... 
