 | United States. Tax Court - 1987 - 1584 pages
...to have salvage value. The general rule of section 263(a) is that no deduction shall be allowed for "any amount paid out for new buildings or for permanent...to increase the value of any property or estate." Section 263(c) and section 1.612-4, Income Tax Regs., promulgated thereunder, are an exception to the... | |
 | United States. Tax Court - 1972 - 1166 pages
...within the purview of section 263, which provides, in part : SEC. 263. CAPITAL EXPENDITURES. (a) GENEEAL RULE. — No deduction shall be allowed for — (1)...betterments made to increase the value of any property or estate.1*1 In recent years the courts in distinguishing between certain ordinary and necessary business... | |
 | 1974 - 426 pages
...general rule. Sec. 263. Capital expenditures — (a) General rule. No deduction shall be allowed loi — (1) Any amount paid out for new buildings or for permanent...the value of any property or estate. This paragraph Khali not apply to — (A) Expenditures for the development of mines or deposits deductible under section... | |
 | 1967 - 682 pages
...1.263(a)— 1 Capital expenditures; in general. (a) Except as otherwise provided in chapter 1 of the Code, no deduction shall be allowed for — (1) Any amount...made to increase the value of any property or estate, or (2) Any amount expended in restoring property or in making good the exhaustion thereof for which... | |
 | 1976 - 460 pages
...expenditures — (a) General rule. No deduction shall be allowed for — (1) Any amount paid out lor new buildings or for permanent Improvements or betterments...the value of any property or estate. This paragraph «hail not apply to — (A) Expenditures for the development of mines or deposits deductible under... | |
 | 1977 - 508 pages
...general rule. Sec. 263. Capital expenditures— (a) General rule. No deduction shall be allowed for (l) Any amount paid out for new buildings or for permanent...property or estate. This paragraph shall not apply to— i A) Expenditures for the development of mines or deposits deduct ible under section 616. (Hi Research... | |
 | 1977 - 508 pages
...LM'iieral rule. Sec. 263. Capital expenditures— ia.) General rule. No deduction shall be allowed for(1) Any amount paid out for new buildings or for permanent...property or estate. This paragraph shall not apply to(A) Expenditures for the development of mines or deposits deductible under section 616. (B) Research... | |
 | United States. Court of Claims, Audrey Bernhardt - 1963 - 768 pages
...shall in any case be allowed in respect of — (1) Personal, living, or family expenses; * * * (2) Any amount paid out for new buildings or for permanent...made to increase the value of any property or estate; * * * ***** (26 USC (1952 ed.), Sec. 24.) The husband may not, under section 23 (u), deduct from his... | |
 | United States. Tax Court - 1989 - 1150 pages
...[The "Sec. 263 provides, in part, as follows: SEC. 263. CAPITAL EXPENDITURES, (a) GENERAL RULE.—No deduction shall be allowed for— (1) Any amount paid...made to increase the value of any property or estate. taxpayer] turns a blind eye to the second rationale for the doctrine: that pre-opening expenses are... | |
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Any amount paid out for new buildings or for permanent improvements or betterments made to increase the value of any property or estate... 
