...foreign country or possession of the United States as is allowed as a credit under section 238, and (C) taxes assessed against local benefits of a kind tending to increase the value of the property assessed. * * * SEC. 214 (a) (3) : SEC. 234 (a) (3) : * * * For the purpose of this paragraph, estate, inheritance,...

...possession of the United States as is allowed as a credit under section 990 of this title, and (C) taxes assessed against local benefits of a kind tending to increase the value of the property assessed. In the case of obligors specified in subdivision (b) of section 962 no deduction for the payment of...

...those CONSTRUCTION OF TAX LAW, §§ 219-z, 219-xx 171 Department of Taxation and Finance [Vol. 37] assessed against local benefits of a kind tending to increase the value of the property assessed ; * * *." Under that act and previous revenue acts the question frequently arose as to the right of...

...foreign country or possession of the United States, as is allowed as a credit under section 222, (C) taxes assessed against local benefits of a kind tending...to increase the value of the property assessed, and (D) taxes imposed upon the taxpayer upon his interest as shareholder of a corporation, which are paid...

...the same group and we think it clear that Congress intended to limit the deduction for taxes to those paid during the taxable year "exclusively upon or...respect to the real estate owned by the company." Subdivision (6) of section 245 (a) was amended by the Senate by adding thereto an additional sentence...

...corporation, by the authority of any foreign country (except income, war-profits and excess-profits taxes, and taxes assessed against local benefits of a kind tending to increase the value of the property assessed), upon the property or business: Pro-tided, That in the case of obligors specified in subdivision (b)...

...and stamp taxes are dedactsote if paid or incurred in carrying oa a trade or business. Do not include taxes assessed against local benefits of a kind tending to increase the value of the property assessed, at for paving, sewers, etc UM«S И •••Ine» Freftrty.— You may deduct losses of business property...

...Special assessments may or may not be deductible. — Taxes which may not be deducted include "those assessed against local benefits of a kind tending to increase the value of the property assessed." [Section 214 (a-3-C).] M KINDS OF SPECIAL ASSESSMENTS. — A discussion of the deducibility of special...

...Special assessments may or may not be deductible. — Taxes which may not be deducted include "those assessed against local benefits of a kind tending to increase the value of the property assessed."22 The provision which broadens the deduction so as to include assessments which do not increase...

...subscribed for by the taxpayer) the interest upon which is wholly exempt from taxation under this title; against local benefits of a kind tending to increase the value of the property assessed. In the case of obligors specified in subdivision (b) of section 221 no deduction for the payment of...