 | United States. Court of Claims - 1930 - 854 pages
...permitted to engage in any business, except that of making loans to farmers and issuing bonds. Section 234 of the revenue act of 1921 reads : "(a) That in computing...section 230 there shall be allowed as deductions: Opinion of the Court "(2) All interest paid or accrued within the taxable year on its indebtedness,... | |
 | United States. Court of Claims - 1937 - 710 pages
...facilities pursuant to section 234 (a) (8) of the Revenue Act of 1918, the relevant portions of which read : That in computing the net income of a corporation...by Section 230 there shall be allowed as deductions * * *. (8) In the case of buildings, machinery, equipment, or other facilities, constructed, erected,... | |
 | United States. Court of Claims, Audrey Bernhardt - 1950 - 940 pages
...$1,413,148.99. The Revenue Act of 1926 provided : Deductions Allowed Corporations SEC. 234 (a), — 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
...stock. Opinion 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... | |
 | 1925 - 1112 pages
...term. Section 234 (a) of the Revenue Act of 1918 (Сотр. St Ann. Supp. 1919, § 6336y8pp) provides that "in computing the net income of a corporation...section 230 there shall be allowed as deductions: • • • (7) A reasonable allowance for the exhaustion, wear and tear of property used in the trade... | |
 | Canada - 1907 - 1110 pages
...provisions of this Part are subject to the provisions of Part III. of this Act. RS, c. 129, ss. 4 and 105. 10. In the case of insurance companies other than life insurance companies, and of insurance companies doing life insurance and other insurance, in so far as relates to such other... | |
 | William Ruston Percival Parker, George MacPhail Clark - 1908 - 736 pages
...provisions of this Part are subject to the provisions of Part III. of this Act. RS, c. 129, ss. 4 and 105. 10. In the case of insurance companies other than life insurance companies, and, of insurance companies doing life insurance and other insurance, in so far as relates to such... | |
 | Guaranty Trust Company of New York - 1919 - 664 pages
...premiums collected and received by them less amounts paid for reinsurance. DEDUCTIONS ALLOWED SEC. 234.(a) That in computing the net income of a corporation...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
...on the manufacture and disposition of goods within the United States. DEDUCTIONS ALLOWED Sec. 234. (a) That in computing the net income of a corporation...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
...goods 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... | |
| |
All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries... 
