 All interest paid or accrued within the taxable year on indebtedness, except on indebtedness incurred or continued to purchase or carry obligations (other than obligations of the United States issued after September 24, 1917, and originally subscribed...  Statistics of Income from Returns of Net Income - Page 259by United States. Internal Revenue Service - 1951Full view - About this book
 | United States. Tax Court - 1961 - 1230 pages
...year on indebted ness, except on indebtedness Incurred or continued to purchase or carry obliprntions (other than obligations of the United States issued...1917, and originally subscribed for by the taxpayer) tbe interest upon which is wholly exempt from the taxes imposed by this chapter. No contention is made... | |
 | United States. Tax Court - 1961 - 1220 pages
...years involved herein, provides that in computing net income there shall be allowed as a deduction — subscribed for by the taxpayer) the interest upon which is wholly exempt from the taxes imposed by this chapter. No contention is made or could be made that the exception quoted... | |
 | 1961 - 566 pages
...taxable year is the sum of — ( 1 ) Interest on indebtedness. All interest for the taxable year on indebtedness, except on indebtedness incurred or continued to purchase or carry obligations the interest on which is wholly exempt from taxation under this chapter. (2) Amounts in the nature... | |
 | United States. Congress. Senate. Committee on Finance - 1968 - 732 pages
...there appears the following : "Amendment No. 17 : Under existing law interest paid on indebtedness incurred or continued to purchase or carry obligations...September 24, 1917, and originally subscribed for t>y the taxpayer) is not allowed as a deduction if the interest received on such obligations is wholly... | |
 | United States. Internal Revenue Service - 1963 - 108 pages
...continued to purchase or carry obligations which yield interest wholly exempt from tnx・ except such obligations of the United States issued after September...1917・ and originally subscribed for by the taxpayer・ Deductions on account of interest should be Itemized and explained In Schedule A on page 2 of the return・... | |
 | 1966 - 2090 pages
...section 167. (5) Interest paid or accrued. All Interest paid or accrued within the taxable year on Indebtedness, except on indebtedness Incurred or continued...(other than obligations of the United States Issued alter September 24, 1917, and originally subscribed for by the taxpayer) the interest on which is wholly... | |
 | United States. Congress. House. Committee on Ways and Means - 1967 - 1204 pages
...167. . > (5) Interest paid or accrued. — All interest paid or accrued within the taxable year on indebtedness, except on indebtedness incurred' or...originally subscribed for by the taxpayer) the interest on which is wholly exempt from taxation under this subtitle. 45 (6) Capital losses. — Capital losses... | |
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