...does not include — (5) an obligation of the United States or any of its possessions, or of a State or any political subdivision thereof, or of the District...interest at a fixed maturity date not exceeding one year from the date of issue; * * * "During the years in issue, sec. 1234<bXl) provided: SECTION 1234. OPTIONS...

...definition of capital asset an obligation of the United States or any of its possessions, or of a State from the date of issue. Section 1222 of the Code provides, in effect, that gain from the sale or exchange...

...allowance for depreciation provided In section 23 (1), or an obligation of the United States or any of its possessions, or of a State or Territory, or any political...issued on or after March 1, 1941, on a discount basis ami payable without Interest at a fixed maturity date not exceeding one year from tbe date of issue...

...for depreciation provided in section 23 (1), or an obligation — of the United States or any of its possessions, or of a State or Territory, or any political...District of Columbia, Issued on or after March 1, 1941, oo a discount basis and payable without Interest at a fixed maturity date not exceeding one year from...

...allowance for depreciation provided In section 23 (I), or an obligation of the United States or any of Its possessions, or of a State or Territory, or any political...District of Columbia, Issued on or after March 1, 1041, on a discount basis and payable without Interest at a fixed maturity date not exceeding one year...

...allowance for depredation provided In section 23 (1), or an obligation of the United States or any of its possessions, or of a State or Territory, or any political subdivision thereof, or of the District of Colombia, Issued on or after March 1, 1941, on a discount basis and payable without Interest at a fixed...

...!tates or any of Its possessions, or of a State or Territory, or any political subdivision hereof, or of the District of Columbia, Issued on or after March 1, 1941, on a discount msls and payable without Interest at a fixed maturity date not exceeding one year from he date of Issue,...

...State, or Territory, or any political subdivision thereof, or of the District of Columbia, issued on а discount basis and payable without interest at a fixed maturity date not exceeding one year from the date of issue, the amount of discount at which such obiigatlon originally sold does not accrue...

...sale of property described in paragraph (II; or (5) an obligation of the United States or any of its possessions, or of a State or Territory, or any political...interest at a fixed maturity date not exceeding one year from the date of issue. Transport, Inc., 364 US 130, 134, 80 S.Ct. 1497, 1500, 4 L.Ed.2d 1617, the...

...sale of property described in paragraph (1); or (5) an obligation of the United States or any of its possessions, or of a State or Territory, or any political...interest at a fixed maturity date not exceeding one year from the date of issue. equivalent thereto, yielding profits "from the everyday operation of a business,"...