...GENERAL RULE. — In computing net Income no deduction shall In any case be allowed respeet of — (2) Any amount paid out for new buildings or for permanent...made to increase the value of any property or estate ; in stock purchase accounts equaling the dividend payments on the corporation's common stock and other...

...1 "§ 263. Capital expenditures. "(a) General rule. "No deduction shall be allowed for — " ( 1 ) Any amount paid out for new buildings or for permanent...to increase the value of any property or estate." Nearly all the relevant facts are stipulated. The taxpayer-respondent, Idaho Power Company, is a Maine...

...trade or business. Section 263 of the Code provides, in part, that no deduction shall be allowed for any amount paid out for new buildings or for permanent...made to increase the value of any property or estate. Section 167 (a) of the Code provides, in part, that a reasonable allowance for the exhaustion, wear...

...from each theft, exceeds $100. Section 263 of the Code provides that no deduction shall be allowed for any amount paid out for new buildings or for permanent...made to increase the value of any property or estate. Court decisions and revenue rulings have established standards for the application of the above provisions,...

...on any trade or business".8 Section 263(a)(l) generally provides that a deduction is not allowed for "Any amount paid out for new buildings or for permanent...to increase the value of any property or estate." Whether an expense is deductible under section 162(a) or must be capitalized under section 263(a)(l)...

...a failure at that time. Section 263 (a) of the Code provides that no deduction shall be allowed for any amount paid out for new buildings or for permanent...made to increase the value of any property or estate. Section 162 (a) of the Code provides, in part, that there shall be allowed as a deduction all the ordinary...

...the mine, or (2) Do not decrease the cost of production of mineral units, or (3) Do not represent an amount expended in restoring property or in making...thereof for which an allowance is or has been made • • • are deductible as ordinary and necessary business expenses. Our findings of fact are dispositive...

...Internal Revenue Code of 1954 provides, in part, that no deduction shall be allowed for any amounts paid out for new buildings or for permanent improvements...made to increase the value of any property or estate. Section 1.263 (a) -2 of the Income Tax Regulations provides, in part, that capita] expenditures include...

...CAPITAL EXPENDITURES (a) GENERAL RULE. — No deduction shall be allowed for — (1) Any amount paid oat for new buildings or for permanent Improvements or...made to Increase the value of any property or estate. This paragraph shall not apply to — • ••*»* • Petitioner's contention that the expenditures...

...* 6 Sec. 263(aXl) provides: SEC. 263(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. * * * the expenditure is incurred is undeniably important in determining whether the appropriate tax...