...to have salvage value. The general rule of section 263(a) is that no deduction shall be allowed for "any amount paid out for new buildings or for permanent improvements or betterments made to increase the value of any property or estate." Section 263(c) and section 1.612-4, Income Tax Regs., promulgated...

...: SEC. 263. CAPITAL EXPENDITURES. (a) GENERAL RITLE. — No deduction shall be allowed for — (1) Any amount paid out for new buildings or for permanent improvements or betterments made to increase the value of any property or estate. * « • The regulations thereunder include some examples of capital...

...Supreme « SEC. 263. CAPITAL EXPENDITURES. (a) GENERAL RULE— No deduction shall be allowed for— ( 1 ) Any amount paid out for new buildings or for permanent improvements or betterCourt has rather recently held that the applicable test in this area would be whether the origin...

...respect to the real estate owned by the company. No deduction shall be allowed under this paragraph for any amount paid out for new buildings, or for permanent improvements or betterments made to increase the value of any property. (4) Depreciation. The depreciation deduction allowed by section 167. (5)...

...respect to the real estate owned by the company. No deduction shall be allowed under this paragraph for any amount paid out for new buildings, or for permanent improvements or betterments made to increase the value of any property. (4) Depreciation. The depreciation deduction allowed by section 167. (5)...

...of shareholders paid by a corporation). No deduction shall be allowed under section 822(c) (3) for any amount paid out for new buildings, or for permanent improvements or betterments made to increase the value of any property. An itemized schedule of such taxes and expenses shall be attached to the...

...respect to the real estate owned by the company. No deduction shall be allowed under this paragraph for any amount paid out for new buildings, or for permanent Improvements or betterments made to Increase the value of any property. (3) Depreciation. The deduction allowed by section 167. The deduction under...

...respect to the real estate owned by the company. No deduction shall be allowed under this paragraph for any amount paid out for new buildings, or for permanent improvements or betterments made to increase the value of any property. (4) Depreciation. The depreciation deduction allowed by section 167. (5)...

...(a) Except as otherwise provided in chapter 1 of the Code, no deduction shall be allowed for — (1) Any amount paid out for new buildings or for permanent improvements or betterments made to increase the value of any property or estate, or (2) Any amount expended in restoring property or in making...

...the exceptions provided in part IX . . . .- IRC 1 1*1. " "No deduction shall be allowed for— (1) Any amount paid out for new buildings or for permanent improvements or betterments made to increase the value of any property or estate." IRC |263(a)(l). " Commisiumrr o. IAJu Powrr Co., 74-2 usic 19521....