 | United States. Internal Revenue Service - 1961 - 1668 pages
...Code, the term "interest paid" as used In section 805 (e) means the -mn of — (1) All interest for the taxable year on indebtedness, except on indebtedness...incurred or continued to purchase or carry obligations the interest on which U wholly exempt from tax under chapter 1 of the Code. Indebtedness does not iaclnde... | |
 | United States. Tax Court - 1953 - 1326 pages
...indebtedness incurred or continued to purchase or carry obligations (other than obligations of the fnlted States issued after September 24, 1917, and originally subscribed for by the taxpayer) the Interest upon which Is wholly exempt from the taxes Imposed by this chapter. •REGULATIONS 111. SEC. 29.23... | |
 | United States. Congress. Senate. Committee on Finance - 1955 - 84 pages
..."(d) INTEREST PAID. — For purposes of subsection (c) (3), the term 'interest paid' means — "(1) all interest paid or accrued within the taxable year...September 24, 1917, and originally subscribed for by tin: taxpayer) the interest on which is wholly exempt from taxation under this chapter; and "(2) all... | |
 | United States. Tax Court - 1955 - 1498 pages
...FROM GROSS INCOME. In computing net Income there shall be allowed as deductions : (b) INTEREST.— All Interest paid or accrued within the taxable year...obligations of the United States Issued after September 24, 1017, and originally subscribed for by the taxpayer) the Interest upon which Is wholly exempt from... | |
 | United States. Internal Revenue Service - 1955 - 752 pages
...erect.—Enter the amount of interest paid or accrued during the taxable year on the company's indebtedne«, except on indebtedness! Incurred or continued to purchase...obligations (other than obligations of the United State« issued after September 24, 1917, and originally subscribed for by the taxpayer) the interest... | |
 | United States. Internal Revenue Service - 1956 - 1348 pages
..."interest paid" as meaning : (1) All Interest paid or accrued within the taxable year on indebtedness incurred or continued to purchase or carry obligations...originally subscribed for by the taxpayer) the interest upon which is wholly exempt from taxation under this chapter, and (2) All amounts in the nature of... | |
 | United States. Tax Court - 1957 - 1126 pages
...INCOME. In computing net Income there shall be allowed as deductions : • *•••** (b) INTEREST. — All interest paid or accrued within the taxable year...September 24, 1917, and originally subscribed for b; the taxpayer) the Interest upon which Is wholly exempt from the taxes Imposed by this chapter. equipment... | |
 | 1961 - 88 pages
...— Enter interest paid or accrued on business indebtedness. Do not include interest on indebtedness incurred or continued to purchase or carry obligations...taxpayer) the interest on which is wholly exempt from income tax. (Section 265.) See section 267 for limitation on deductions for unpaid expenses and interest... | |
 | United States. Internal Revenue Service. Statistics Division - 1957 - 140 pages
...continued to purchase or carry obligations which yield interest wholly exempt from tax, except such obligations of the United States issued after September...1917, and originally subscribed for by the taxpayer. Deductions on account of interest should be itemized and explained in Schedule A on page 2 of the return.... | |
 | United States. Tax Court - 1959 - 1608 pages
...computing net Income there shall be allowed as deductions : • •»•••• (b). INTBHBST. — All Interest paid or accrued within the taxable year...United States Issued after September 24, 1917, and original!; subscribed for by the taxpayer) the Interest upon which Is wholly exempt from the taxes... | |
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All interest paid or accrued within the taxable year on indebtedness, except on indebtedness Incurred or continued to purchase or carry obligations (other than obligations of the United States Issued after September 24, 1917, and originally subscribed... 
