| United States. Congress. House. Committee on Ways and Means - 1935 - 364 pages
...at the end thereof a new paragraph as follows: (g) UNDIVIDED PROFITS OF CORPORATIONS: Any portion of the net income of a corporation subject to the tax imposed by section 13 (a) of this Act remaining undistributed at the close of its taxable year shall be accounted for... | |
| United States. Congress. Senate. Committee on Finance - 1935 - 422 pages
...the end thereof a new paragraph, as follows: (g) Undivided profits of corporations: Any portion of the net income of a corporation subject to the tax imposed by section 13 (a) of this act remaining undistributed at the close of its taxable year shall be accounted for... | |
| United States. Supreme Court - 1936 - 828 pages
...amortized in annual instalments during their term. Section 234 (a) of the Revenue Act of 1924 4 directs that in computing the net income of a corporation subject to the tax there shall be allowed as deductions ordinary and necessary expenses paid or incurred during the taxable... | |
| United States. Tax Court - 1945 - 1374 pages
...oğ YEAH. The accumulated earnings and proflta as of the beginning of such taxable year ; * * * 1 SEC. 234. (a) That in computing the net Income of...corporation subject to the tax Imposed by section 230 there sball be allowed as deductions : ***** (14) If property is compulsorily or involuntarily converted... | |
| 1927 - 1680 pages
...particular portions thereof are parts of § 234 (a), being Сотр. Stat. § 6336J pp, reading as follows : "That in computing the net income of a corporation subject to the tax imposed by § 230 there shall be allowed as deductions : " (4) Losses sustained during the taxable year and not... | |
| United States. Tax Court - 1945 - 1366 pages
...TiAB. The accumulated earnings and profits tğ of the beginning of such taxable year : 'SEC. 234. (a) That In computing the net Income of...by section 230 there shall be allowed as deductions : * (14) If property Is compulsorily or Involuntarily converted Into cash or Its... | |
| 1919 - 1138 pages
...representing profits on the manufacture and disposition of goods within the United States. Deductions Allowed. Sec. 234. (a) That in computing: the net income of...section 230 there shall be allowed as deductions: (1) All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on... | |
| United States. Internal Revenue Service - 1928 - 406 pages
...applicable statute here is section 234 (a) (5) of the revenue act of 1918 (40 Stat. 1077, 1078) as follows: SEC. 234. (a) That in computing the net income of...section 230 there shall be allowed as deductions: ******* (5) Debts ascertained to be worthless and charged off within the taxable yew; Under this statute,... | |
| 1921 - 902 pages
...the criticism which follows applies to both individuals and corporations. The law provides: SECTION 234. (a) That in computing the net income of a corporation...section 230 there shall be allowed as deductions: (9) In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance... | |
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