...tax only in their individual capacity. There shall be included in computing the net income of each partner his distributive share, whether distributed or not, of the net income of the Eartnership for the taxable year, or, if is net income for such taxable year is computed upon the basis...

...Subdivision (d) provides that: "There shall be included in computing the net income of each beneficiary his distributive share, whether distributed or not, of the net income of the estate or trust for the taxable year." A regulation of the Treasury Department has construed and interpreted...

...their individual capacity only, and that there shall be included in computing the net income of each partner his distributive share, whether distributed...partnership for the taxable year, or, if his net income is computed upon the basis of a period different from the basis upon which the net income of the partnership...

...associations, joint-stock companies, and insurance companies." (296 F.) computing the net Income of each partner his distributive share, whether distributed...net income of the partnership for the taxable year. * * *" The latter paragraph of section 335 of subdivision c of the same act (section 63367/i«n) reads...

...subdivision (d) that the income under paragraph 4 on which the tai is to be assessed and collected shall be "his distributive share, whether distributed or not, of the net income of the estate or trust for the taxable year." The beneficiary clearly has no distributive share in the net...

...paid by the fiduciary, but there shall be included in computing the net income of each beneficiary his distributive share, whether distributed or not, of the net income of the estate or trust for the taxable year, or. if his net income for such taxable year is computed 138 Act...

...beneficiary his distributive share, whether distributed or not, of the net income of the estate or trust for the taxable year, or, if his net income for such...that upon the basis of which the net income of the estate or trust is computed, then his distributive share of the net income of the estate or trust for...

...tax only in their individual capacity. There shall be included in computing the net income of each partner his distributive share, whether distributed...net income of the partnership for the taxable year. * • • » It need not be disputed that the plaintiff is correct in his view that the contract between...

...proportion to the payments in cash. The Tax Law, as then existent, provides that a person shall be taxed on his distributive share, whether distributed or not...net income of the partnership for the taxable year. Section 364, Tax Law (as added by Laws 1919, c. 627). That, however, does not apply to the present...

...paid by the fiduciary, but there shall be included in computing the net income of each beneficiary his distributive share, whether distributed or not, of the net income of the estate or trust for the taxable year, or if his net income for such taxable year is computed upon the...