 | Robert Hiester Montgomery - 1919 - 1016 pages
...for permanent improvements or betterments made to increase the value of any property or estate; (c) Any amount expended in restoring property or in making...thereof for which an allowance is or has been made;' The limitation on deductions by corporations (Section 235) is the same as for individuals. '[Former... | |
 | Robert Hiester Montgomery - 1920 - 1320 pages
...by the following quotation : REGULATIONS. No deduction from gross income may be made for any amounts paid out for new buildings or for permanent improvements...betterments made to increase the value of any property, or for any amounts expended in restoring property or in making good 3iThe general sources are, for American... | |
 | United States. Board of Tax Appeals - 1930 - 1618 pages
...That in computing net Income no deduction shall in any case be allowed In respect of — »**••** (2) Any amount paid out for new buildings or for permanent...made to Increase the value of any property or estate. Section 235 of the same Act provides with respect to the computation of the net income of corporations... | |
 | United States. Internal Revenue Service - 1931 - 502 pages
...deduction shall in any case be allowed in respect of — (1) Personal, living, or family expenses; (2) Any amount paid out for new buildings or for permanent...thereof for which an allowance is or has been made ; or (4) Premiums paid on any life insurance policy covering the life of any officer or employee, or... | |
 | United States. Board of Tax Appeals - 1931 - 1490 pages
...in computing net income no deduction shall in any case be allowed in respect of • »»»»•• (3) Any amount expended in restoring property or in...thereof for which an allowance is or has been made. In our opinion the facts in these proceedings do not sustain the respondent in his determination. Clearly,... | |
 | United States. Bureau of Internal Revenue - 1933 - 452 pages
...no deduction shall in any case be allowed In respect of— (1) Personal, living, or family expenses; (2) Any amount paid out for new buildings or for permanent...thereof for which an allowance is or has been made; or (4) Premiums paid on any life insurance policy covering the life of any officer or employee, or... | |
 | United States. Congress. House. Committee on Ways and Means - 1965 - 602 pages
...SURTAXES SEC. 263. CAPITAL EXPENDITURES. (a) GENERAL RULE. — No deduction shall be allowed for — (1) Any amount paid out for new buildings or for permanent...made to increase the value of any property or estate. This paragraph shall not apply to — (A) expenditures for the development of mines or deposits deductible... | |
 | United States. Tax Court - 1945 - 1518 pages
...computing net income no deduction shall In any case be allowed in respect of — • • ••**** (2) Any amount paid out for new buildings or for permanent...thereof for which an allowance is or has been made. The petitioner contends that this expenditure of $17,593.32 falls in a different category from the... | |
 | 1969 - 1404 pages
...DEDUCTIONS NOT ALLOWED.—In computing net income, no deductions shall be allowed in any case for—- (2) Any amount paid out for new buildings or for permanent...made to increase the value of any property or estate; (1) Personal, living, or family expenses; (3) Any amount expended in restoring property or in making... | |
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Any amount paid out for new buildings or for permanent improvements or betterments made to increase the value of any property or estate... 
