 | 1940 - 1806 pages
...completed by the particular contractor or subcontractor within any Income taxable year, such net loss rovided In section 23 (1) ; (2) Short-term capital gain. — The term for the next succeeding Income taxable year, and that If there Is a net loss, or a net profit less... | |
 | 1939 - 1030 pages
...completed by the particular contractor or subcontractor within any income taxable year, such net loss shall be allowed as a credit in determining the excess profit, if any, for the next succeeding income taxable year: Provided turther, That if such amount is not voluntarily... | |
 | United States. Congress. House. Committee on Naval Affairs - 1940 - 1638 pages
...completed by the particular contractor or subcontractor within any income-taxable year, such net M or deficiency in profit shall be allowed as a credit in determining the e.\c<>-> profit, if any, during the next succeeding four income taxable years: that if there • a... | |
 | United States. Congress. House. Committee on Ways and Means - 1940 - 480 pages
...completed by the particular contractor or subcontractor within any income taxable year, such net loss shall be allowed as a credit in determining the excess profit, if any, for the next succeeding income taxable year: Provided, That if such amount is not voluntarily paid,... | |
 | 1941 - 1300 pages
...completed by the particular contractor or subcontractor within any income taxable year, such net loss shall be allowed as a credit in determining the excess profit, if any, for the next succeeding income taxable year: United States Code, title 34, section 496 (b) third proviso:... | |
 | United States. Internal Revenue Service - 1941 - 664 pages
...than 12 per centum, as aforesaid on all such contracts or subcontracts for the construction and or manufacture of any complete aircraft or portion thereof...excess profit, if any, during the next succeeding four income-taxable years, and that the method of ascertaining the amount of excess profit, initially fixed... | |
 | United States. Congress. Senate. Committee on Naval Affairs - 1942 - 92 pages
...less than 12 percent, the contractor was allowed to carry forward the deficiency in profit and take it as a credit in determining the excess profit, if any, during the next succeeding 4 income-taxable years. These provisions, increasing the allowable profit and providing for a more... | |
 | United States. Internal Revenue Service - 1939 - 636 pages
...completed by the particular contractor or subcontractor within any income taxable year, such net loss shall be allowed as a credit in determining the excess profit, if any, for the next succeeding income taxable year: Provided further, That if such amount is not voluntarily... | |
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Provided, That if there is a net loss on all such contracts or subcontracts completed by the particular contractor or subcontractor within any income taxable year, such net loss shall be allowed as a credit in determining the excess profit, if any, for... 
