 | 1951 - 984 pages
...subject to the allowance for depreciation, (4) Government obligations issued on or after March 1, 1941, on a discount basis and payable without interest at...date not exceeding 1 year from the date of issue, and (5) real property used in the trade or business of the taxpayer. Beginning 1942 gains and losses... | |
 | United States. Internal Revenue Service - 1951 - 530 pages
...to the allowance for depreciation, (4) Government obligations issued on or after March 1, 1941, ou a discount basis and payable without interest at a...date not exceeding 1 year from the date of issue, and (5) real property used in the trade or business of the taxpayer. Beginning 1942 gains and losses... | |
 | United States - 1965 - 1110 pages
...treated as income received in such taxable year. (b) Short-term obligations issued on discount basis. In the case of any obligation — (1) of the United...of the foregoing, or of the District of Columbia, Page 5130 year from the date of issue, the amount of discount at which such obligation Is originally... | |
 | United States. Tax Court - 1967 - 786 pages
...OBLIGATIONS. (a) GENERAL RULE. — Gross Income does not Include Interest on — (1) the obligations of a State, a Territory, or a possession of the United...any of the foregoing, or of the District of Columbia ; (2) the obligations of the United States ; or (8) the obligations of a corporation organized under... | |
 | 1978 - 532 pages
...treated as income received in such taxable year. (b) Short-term obligations issued on discount basis. In the case of any obligation— (1) Of the United...foregoing, or of the District of Columbia, which is Issu.d on a discount basis and payable without interest at a fixed maturity date not exceeding 1 year... | |
 | 1968 - 1618 pages
...obligations — (a) General rule. Gross Income does not Include interest on — (1) The obligations of a State, a Territory, or a possession of the United...of the foregoing, or of the District of Columbia; (2) The obligations of the United States; or (3) The obligations of a corporation origanized under... | |
 | 1971 - 1474 pages
...obligations — (a) General rule. Gross Income does not include Interest on — (1) The obligations of a State, a Territory, or a possession of the United...of the foregoing, or of the District of Columbia; (2) The obligations of the United States; or (3) The obligations of a corporation organized under act... | |
 | 1967 - 676 pages
...obligations — (a) General rule. Gross Income does not Include interest on — (1) The obligations oî a State, a Territory, or a possession of the United...of the foregoing, or of the District of Columbia; (2) The obligations of the United States; JOT (3) The obligations of a corporation organized under... | |
 | 1970 - 750 pages
...obligations—(a) General rule. Gross income does not include interest on— (1) The obligations o{ a State, a Territory, or a possession of the United...of the foregoing, or of the District of Columbia; (2) The obligations of the United States; or (3) The obligations of a corporation organized under act... | |
 | 1971 - 744 pages
...obligations — (a) General rule. Grose income does not Include interest on — (1) The obligations oí a State, a Territory, or a possession of the United...of the foregoing, or of the District of Columbia; (2) The obligations of the United States; or (3) The obligations of a corporation organized under act... | |
| |
The obligations of a State, a Territory, or a possession of the United States, or any political subdivision of any of the foregoing, or of the District of Columbia... 
