 | Philippines - 1945 - 1064 pages
...conducted within the Philippines exclusively. (6) Interest: (1) In General. — The amount of interest paid within the taxable year on indebtedness, except on...incurred or continued to purchase or carry obligations the interest upon which is exempt from taxation as income under this Title. (2) Interest allowable... | |
 | United States. Tax Court - 1945 - 1374 pages
...INCOME. In computing net Income there shall be allowed as deductions : *•****• (b) INTEREST. — All Interest paid or accrued within the taxable year on Indebtedness, except oil indebtedness incurred or continued to purchase or carry obligations (other than obligations of... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1946 - 428 pages
...deductions in respect of foreign personal holding companies, see section 336 (b) (2).] (b) INTEREST. — All interest paid or accrued within the taxable year...incurred or continued to purchase or carry obligations (other than obligations of the United States issued after September 24, 1917, and originally subscribed... | |
 | 1973 - 444 pages
...(4) Depreciation. The depreciation deduction allowed by section 167. (6) Interest paid or accrued. All Interest paid or accrued within the taxable year...Incurred or continued to purchase or carry obligations (other than obligations of the united States issued after September 24, 1917, and originally subscribed... | |
 | 1976 - 536 pages
...(4) Depreciation. The depreciation deduction allowed by section 167. (5) Interest paid or accrued. All Interest paid or accrued within the taxable year...Incurred or continued to purchase or carry obligations (other than obligations of the United States issued after September 24, 1917, and originally subscribed... | |
 | 1977 - 568 pages
...'4) Depreciation. The depreciation deduction allowed by section 167. (5) Interest paid or accrued. All interest paid or accrued within the taxable year...on indebtedness incurred or continued to purchase or carry ob§ 1.822 ligations (other than obligations of the United States issued after September 24.... | |
 | 1954 - 1486 pages
...municipal bonds, Panama Canal loan 3 percent bonds, or (in case of a taxpayer not an original subscriber) obligations of the United States issued after September...1917, the interest upon which is wholly exempt from tax, is not deductible. Interest paid or accrued within the year on indebtedness incurred or continued... | |
 | 1989 - 672 pages
...the 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... | |
 | 1966 - 396 pages
...the 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... | |
 | 1949 - 776 pages
...Interest paid or accrued within the year on indebtedness incurred or continued to purchase or carry (1) obligations of the United States issued after September 24, 1917, the interest upon which is not wholly exempt from the taxes imposed by chapter 1, or (2) (in the case of an original subscriber)... | |
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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 24, 1917, and originally... 
