 | United States. Court of Claims - 1937 - 710 pages
...paid or incurred. Moreover, section 215 (b) of the Revenue Act of 1918 provides that there may be no deduction for any amount paid out for new buildings or for permanent improvements or betterments to increase the value of any property or estate, and, as the asset acquired was a longterm lease, which... | |
 | United States. Department of the Treasury - 1922 - 1102 pages
...Revenue for his decision. No deduction as expenses is allowed by the law in any case in respect of any amount paid out for new buildings, or for permanent...made to increase the value of any property or estate. Richard R. Doerschuck v. United States. — United States District Court (TD 3170). A dividend paid... | |
 | Roger Foster, Everett Vergnies Abbot - 1895 - 1126 pages
...must not exceed the average paid out for such purposes for the preceding five years. Amounts expended for permanent improvements or betterments, made to increase the value of any property or estate, cannot be deducted. Suling, 1 IRR 140. Repairs must be distinguished from permanent improvements. The... | |
 | United States. Internal Revenue Service - 1906 - 310 pages
...deducted not to exceed the average paid out for such expenses during five preceding years. Expenses for permanent improvements or betterments made to increase the value of any property or estate can not be deducted. If a farmer buys stock in 1862 for $500 and sells the same for $1,000 in 1864,... | |
 | New York (State). Comptroller's Office - 1919 - 24 pages
...section 361 that no deduction shall be allowed in respect of (a) personal, living or family expenses; (b) any amount paid out for new buildings or for permanent...made to increase the value of any property or estate; (c) any amount expended in restoring property or in making good the exhaustion thereof, for which an... | |
 | United States. Congress. Senate. Committee on Finance - 1918 - 664 pages
...would probably accomplish what I have to present. But I will add that in section 215, clause (b), " any amount paid out for new buildings or for permanent...made to increase the value of any property or estate " is an item not deductible. So far as fhe bill itself is concerned, one clause practically contradicts... | |
 | United States. Congress. Senate. Committee on Finance - 1918 - 660 pages
...would probably accomplish what I have topresent. But I will add that in section 215, clause (b), " any amount paid out for new buildings or for permanent...made to increase the value of any property or estate" is an item not deductible. So far as the bill itself is concerned, one clause practically contradicts... | |
 | George Edwin Holmes - 1919 - 1048 pages
...§12.) IMPROVEMENTS AND BETTERMENTS. In computing net income no deduction is allowed to corporations for any amount paid out for new buildings or for permanent...betterments made to increase the value of any property or estate.86 This is a reasonable limitation since amounts of capital invested in permanent improvements... | |
 | National City Company, United States - 1919 - 104 pages
...shall in any case be allowed in respect of — 76. (a) Personal, living, or family expenses; 77. (b) Any amount paid out for new buildings or for permanent...made to increase the value of any property or estate; 78. (c) Any amount expended in restoring property or in making good the exhaustion thereof for which... | |
 | Ewell D. Moore - 1919 - 44 pages
...a source in the US ITEMS WHICH CANNOT BE DEDUCTED: (Sec. 215). Personal, living or family expenses; Any amount paid out for new buildings or for permanent...made to increase the value of any property or estate; Any amount expended in restoring property or in making good its exhaustion for which an allowance is... | |
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Any amount paid out for new buildings or for permanent improvements or betterments made to increase the value of any property or estate ; 3. 
