 | United States. Court of Claims, Audrey Bernhardt - 1961 - 930 pages
...the Internal Revenue Code of 1939, 26 USC (1952 ed.) §162(a), provides, in the part here pertinent : Net Income. The net income of the estate or trust...'basis as in the case of an individual, except that — (a) There shall be allowed as a deduction (in lieu of the deduction for charitable, etc., contributions... | |
 | 1961 - 566 pages
...participant. § 1.584—3 Computation of common trust fund income. The taxable income of the common trust fund shall be computed in the same manner and on the same...basis as in the case of an individual, except that : (a) No deduction shall be allowed under section 170 (relating to charitable, etc., contributions... | |
 | United States, United States. Congress. Joint Committee on Internal Revenue Taxation - 1961 - 1208 pages
...such share. (d) COMPUTATION OF COMMON TRUST FUND INCOME. — The taxable income of a common trust fund ry without payment of tax or affixing stamps thereto,...under such regulations and the filing of such bon — (1) there shall be segregated the gains and losses from sales or exchanges of capital assets; (2)... | |
 | United States. Tax Court - 1961 - 1188 pages
...Revenue Code of 1939, as amended by section lll(b) of the Revenue Act of 1942, provides : SEC. 102. NET INCOME. The net Income of the estate or trust shall be computed In the game manner and on the same baels as In the case of an Individual, except that — • *•**• •... | |
 | United States. Tax Court - 1961 - 1178 pages
...present value > BBC. 162. NET INCOME. The net Income of the estate or trust shall be computed In the Bame manner and on the same basis as In the case of an Indlvldnnl. except that — • ••*••• (e) Amounts allowable nnder section 812 (b) as a deduction... | |
 | United States. Congress. House. Committee on Banking and Currency - 1962 - 38 pages
...such share. (d) COMPUTATION OF COMMON TRUST FUND INCOME. — The taxable income of a common trust fund shall be computed in the same manner and on the same...basis as in the case of an individual, except that — (1) there shall be segregated the gains and losses from sales or exchanges of capital assets; (2)... | |
 | United States Congress. House. Banking and Currency Committee - 1962 - 44 pages
...share. (d) COMPUTATION or COMMON TRUST FUND INCOME. — The taxable income of a «ommon trust fund shall be computed in the same manner and on the same...basis as in the case of an individual, except that — (1) there shall be segregated the gains and losses from sales or exchanges of capital assets; (2)... | |
 | United States. Tax Court - 1945 - 1518 pages
...trust or against the corpus. Section 162 (b) of the Internal Revenue Code, is as follows : SBC. 182. NET INCOME. The net Income of the estate or trust...basis as In the case of an individual, except that — • •••**• (b) There shall be allowed as an additional deduction in computing the net Income... | |
 | United States. Tax Court - 1947 - 1354 pages
...respondent contends, since the entire income is to be paid to the life 1 SEC. 102. NET INCOME. Tlie net Income of the estate or trust shall be computed...basis as in the case of an Individual, except that — Period Income available Ratio of return on principal Income covered annual requirement— 6/17... | |
 | United States. Tax Court - 1959 - 1470 pages
...act of a fiduciary independent of such testamentary •SEC. 162. NET INCOME. Tbe net Income of tbe estate or trust shall be computed In the same manner...basis as In the case of an Individual, except that — (278) TRUST OF JOHN WALKER. provision. Regs. 118, sec. 39.162-1 ; Estate of JB Whitehead, 3 TC... | |
| |
INCOME. The net income of the estate or trust shall be computed in the same manner and on the same basis as in the case of an individual... 
