 ... (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. Congress. Senate. Committee on Finance - 1959 - 732 pages
...the deduction (or interest paid is the sum of — "(1) INTEREST ON INDEBTEDNESS. — All interest for the taxable year on indebtedness, except on indebtedness...incurred or continued to purchase or carry obligations the interest on which is wholly exempt from taxation under this chapter. "(2) AMOUNTS IN THE NATURE... | |
 | United States. Tax Court - 1959 - 1372 pages
...Income there shall be allowed as deductions : • •••••« (b) INTEREST.—All Interest paid or accrued within the taxable year on Indebtedness,...on Indebtedness Incurred or continued to purchase or curry obligations (other than obligations of the United States issued after September 24, 1917,... | |
 | United States. Congress. Senate. Committee on Finance - 1959 - 764 pages
...the deduction for interest paid Is the sum of — "(1) INTEREST ON INDEBTEDNESS. — All interest for the taxable year on indebtedness, except on indebtedness...incurred or continued to purchase or carry obligations the interest on which is wholly exempt from taxation under this chapter. "(2) AMOUNTS IN THE NATURE... | |
 | United States. Tax Court - 1961 - 1230 pages
...year on indebted ness, except on indebtedness Incurred or continued to purchase or carry obliprntions (other than obligations of the United States issued...1917, and originally subscribed for by the taxpayer) tbe interest upon which is wholly exempt from the taxes imposed by this chapter. No contention is made... | |
 | United States, United States. Congress. Joint Committee on Internal Revenue Taxation - 1961 - 1208 pages
...interest paid for any taxable year is the sum of — (1) INTEREST ON INDEBTEDNESS. — All interest for the taxable year on indebtedness, except on indebtedness...incurred or continued to purchase or carry obligations the interest on which is wholly exempt from taxation under this chapter. (2) AMOUNTS IN THE NATURE... | |
 | 1961 - 566 pages
...Code, the term "interest paid" as used in section 805 (e) means the sum 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 is wholly exempt from tax under chapter 1 of the Code. Indebtedness does not... | |
 | United States. Tax Court - 1963 - 1118 pages
...GROSS INCOME). In computing net Income there shall be allowed as deduct I mm: • •••••• (b) INTEREST. — All Interest paid or accrued within...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. Congress. Senate. Committee on Finance - 1968 - 732 pages
...there appears the following : "Amendment No. 17 : Under existing law interest paid on indebtedness incurred or continued to purchase or carry obligations...September 24, 1917, and originally subscribed for t>y the taxpayer) is not allowed as a deduction if the interest received on such obligations is wholly... | |
 | United States. Internal Revenue Service - 1963 - 108 pages
...continued to purchase or carry obligations which yield interest wholly exempt from tnx・ 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・... | |
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