 | United States. Board of Tax Appeals - 1942 - 1324 pages
...same manner and on the same basis as In the case of an Individual, except that — • •»•»«• (b) There shall be allowed as an additional deduction...taxable year which Is to be distributed currently b; the fiduciary to the beneficiaries, and tbe amount of the Income collected by a guardian of an Infant... | |
 | United States. Tax Court - 1943 - 1262 pages
...the same manner and on the same basis as in the case of an individual, except that — **•*•*• (b) There shall be allowed as an additional deduction...be held or distributed as the court may direct, but tlie amount so allowed as a deduction shall be included In computing the net income of the beneficiaries... | |
 | United States. Tax Court - 1945 - 1374 pages
...same basis as in the case of an individual, except that — ****** * (b) There shall be allowed as nn additional deduction in computing the net income of...distributed as the court may direct, but the amount so allowed as a deduction shall be Included in computing the net income of the beneficiaries whether... | |
 | Philippines - 1945 - 1064 pages
...individual, except that — (a) There shall be allowed as a deduction in computing the net incoine of the estate or trust the amount of the income of...distributed as the court may direct, but the amount so allowed as a deduction shall be included in computing the net income of the beneficiaries whether... | |
 | United States. Tax Court - 1946 - 1804 pages
...computed In the same manner and on the same basis as in the case of an individual, except that — ******* There shall be allowed as an additional deduction...to be distributed currently by the fiduciary to the legatees, heirs, or beneficinries, but the amount so allowed as a deduction shall be included in computing... | |
 | United States. Tax Court - 1947 - 1414 pages
...that — *••*••• (b) There shall be allowed as an additional deduction In computing tlie net Income of the estate or trust the amount of the...distributed as the court may direct, but the amount so allowed as a deduction shall be Included In computing the net income of the beneficiaries whether... | |
 | United States. Congress. Senate. Committee on the District of Columbia - 1947 - 1798 pages
...individual, except as to the personal exemptions and credits for dependents, and except that — (a) there shall be allowed as an additional deduction...beneficiaries, and the amount of the income collected b> a guardian of an infant which is to be held or distributed as the court may direct, but the amount... | |
 | United States. Tax Court - 1947 - 1522 pages
...allowed as an additional deduction In computing the net Income of the estate or trust the amount of (he income of the estate or trust for its taxable year...distributed as the court may direct, but the amount so allowed as a deduction shall be included in computing the net Income of the beneficiaries whether... | |
 | United States. Tax Court - 1947 - 1642 pages
...amended by section 111 (b) of the Revenue Act of 1942, provides as follows : There shall be allowed aa an additional deduction in computing the net income...to be distributed currently by the fiduciary to the legatees, heirs, or beneficiaries, but the amount so allowed as a deduction should be Included in computing... | |
 | United States. Tax Court - 1947 - 1574 pages
...the sole trustee was expressly left open in 1 Section 162 (b) of the Internal Revenue Code provides : "There shall be allowed as an additional deduction...estate or trust for Its taxable year which Is to be distributable currently by the fiduciary to the legatees, heirs, or beneficiaries, but the amount so... | |
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There shall be allowed as an additional deduction in computing the net income of the estate or trust the amount of the income of the estate or trust for Its taxable year which is to be distributed currently... 
