 ... (b) Interest. — All interest paid or accrued within the taxable year on indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued after September...  Reports of the U.S. Board of Tax Appeals - Page 394by United States. Board of Tax Appeals - 1939Full view - About this book
 | United States. Internal Revenue Service - 1961 - 1668 pages
...In 1042. 56 Stat. 827. •See sec. 23 (b) of the Revenue Act of 1932. 47 Stat. 179. which provided: "(b) INTEREST — All interest paid or accrued within the taxable year on Indebtedness, except (1) on Indebtedness Incurred or continued to purchase or curry obligations or securities (other than... | |
 | 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
...being added 1 SEC. 23. DEDUCTIONS FROM GROSS INCOME. In computing net Income there shall be allowed as deductions : (b) INTEREST.— All Interest paid or...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. Tax Court - 1955 - 1466 pages
...Indebtedness, except on Indebtedness Incurred or continued to purchase or carry obligations (other Hian obligations of the United States Issued after September 24, 1917, and originally labscribed tor by the taxpayer) the Interest upon which Is wholly exempt from the taxes Imposed by... | |
 | United States. Tax Court - 1957 - 1126 pages
...construction 'SEC. 23. DEDDCTIONS FROM GROSS INCOME. In computing net Income there shall be allowed as deductions : • *•••** (b) INTEREST. — All...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... | |
 | 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. Internal Revenue Service - 1970 - 620 pages
...accrued. — Enter the amount of interest paid or accrued during the taxable year on the company's indebtedness, except on indebtedness incurred or continued to purchase or carry obligations, the interest upon which is wholly exempt from taxation. 18. Other capital losses. — Enter losses... | |
 | 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... | |
 | United States. Tax Court - 1959 - 1410 pages
...1954-1 CB 53.2 'SEC. 23. DEDUCTIONS FROM GROSS INCOME In computing net Income there shall be allowed as deductions : • •••»«. (b) INTEREST. —...obligations of the United States Issued after September 21, 1917, and originally subscribed for by the taxpayer) the Interest upon which Is wholly exempt from... | |
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