 In computing net income there shall be allowed as deductions: (a) Expenses. (2) Non-trade or non-business expenses. In the case of an individual, all the ordinary and necessary expenses paid or incurred during the taxable year for the production or collection...  Reports of the Tax Court of the United States - Page 870by United States. Tax Court - 1952Full view - About this book
 | United States. Court of Claims, Audrey Bernhardt - 1962 - 964 pages
...fully deductible under section 23 (e) (2) of the Internal Revenue Code of 1939, supra, which provides : SEC. 23. Deductions from gross income. In computing...shall be allowed as deductions : ***** (e) Losses by individuals. In the case of an indilual, losses sustained during the taxable year and not compensated... | |
 | United States. Court of Claims - 1948 - 886 pages
...which provides for the allowance as deductions of nontrade or nonbusiness expenses paid or incurred for the production or collection of income, or for the management, conservation or maintenance of property held for the production of income, where taxpayer and the Commissioner of Internal... | |
 | United States. Court of Claims, Audrey Bernhardt - 1950 - 940 pages
...USC 23, 1946 Ed.), which provides for the deduction of "nontrade or nonbusiness expenses" incurred "for the production or collection of income, or for the management, conservation, or maintenance of property held for the production of income", and plaintiff is not entitled to recover.... | |
 | 1951 - 984 pages
...excise and stamp taxes are deductible only if paid or incurred in carrying on a trade or business, or In the production or collection of income, or for the management, conservation, or maintenance at property held for the production of income. Do not include taxe« assessed against local... | |
 | United States. Internal Revenue Service - 1931 - 502 pages
...the amount of the taxes. The amount so paid should not be included in the income of the shareholder. [SEC. 23. DEDUCTIONS FROM GROSS INCOME.] [In computing...there shall be allowed as deductions:] (e) Losses by individuals. — In the case of an individual, losses sustained during the taxable year and not... | |
 | United States. Board of Tax Appeals - 1935 - 1394 pages
...during the year 1929? The applicable statute, section 23 (e) of the Revenue Act of 1928, provides : SEC. 23. DEDUCTIONS FROM GROSS INCOME. In computing...be allowed as deductions : * * * * * * * (e) Losses fry individuals. — In the case of an individual, losses sustained during the taxable year and not... | |
 | United States. Bureau of Internal Revenue, United States. Internal Revenue Service - 1935 - 502 pages
...the amount of the taxes. The amount so paid should not be included in the income of the shareholder. [SEC. 23. DEDUCTIONS FROM GROSS INCOME.] [In computing...there shall be allowed as deductions:] (e) Losses by individuals. — In the case of an individual, losses sustained during the taxable year and not... | |
 | United States. Internal Revenue Service - 1936 - 604 pages
...the amount of the taxes. The amount so paid should not be included in the income of the shareholder. [SEC. 23. DEDUCTIONS FROM GROSS INCOME.] [In computing...there shall be allowed as deductions:] (e) Losses by Individuals.— In the case of an individual, losses sustained during the taxable year and not compensated... | |
 | United States. Board of Tax Appeals - 1936 - 1468 pages
...plan or agreement was both formulated and executed solely by a portion of the bondholders of the CSB & 'SEC. 23. DEDUCTIONS FROM GROSS INCOME. In computing...allowed as deductions : « « « » • .* » (e) Lossei by Individuals. — In the case of an Individual, losses sustained during the taxable year and... | |
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