...income, deductions, credits, or allowances between or among such organizations, trades, or businesses, It he determines that such distribution, apportionment,...any of such organizations, trades, or businesses. lT.D. 6595, 27 FR 3597, Apr. 14, 1962) § 1.482—1 Allocation of income and deductions among taxpayers....

...his delegate may distribute, apportion, or allocate gross Income, deductions, credits, or allowances between or among such organizations, trades, or businesses,...In order to prevent evasion of taxes or clearly to refiect the Income of any of such organizations, trades, or businesses. [TD 6595, 37 FJB. 8697, Apr....

...465 123.66 675 Dec. 31,1900, increment. 1.000 120.00 1,200 Total 14,650 15, 525 § 1 .482-1 tionment, or allocation is necessary In order to prevent evasion...any of such organizations, trades, or businesses. [TD 6595, 27 FR 3597, Apr. 14, 1962] § 1.482—1 Determination of the taxable income of a controlled...

...apportion, or allocate proee inoome or deduotiono gross income, deductions, credits, or allowances between or among such organizations, trades, or businesses,...any of such organizations, trades, or businesses. Sec. 45, IRC, supra, amended by Sec. 128 (b), RA of 1943, by adding language in italics and omitting...

...section 45 of the Internal Revenue Code1 he has allocated to petitioner the amount of $5,865.50 of ' SEC. 45. ALLOCATION OF INCOME AND DEDUCTIONS. In any...In order to prevent evasion of taxes or clearly to refl<">' the Income of any such organizations, trades, or businesses. the income of Continental Department...

...and whether or not affiliated) owned or controlled directly or Indirectly by the same Interests, tho Commissioner Is authorized to distribute, apportion,...In order to prevent evasion of taxes or clearly to reflwt the Income of any such organizations, trades, or businesses. the income of Continental Department...

...Income or deductions between or among such organizations, trades, or businesses, if be determines thai such distribution, apportionment, or allocation Is...of taxes or clearly to reflect the Income of any of inch organizations, trades, or businesses. Section 45 was amended by Section 128 of the Revenue Act...

...his delegate may distribute, apportion, or allocate gross income, deductions, credits, or allowances between or among such organizations, trades, or businesses,...any of such organizations, trades, or businesses. § 1.482—1 DETERMINATION OP THE TAXABLE INCOME OF A CONTROLLED TAXPAYER. — (a) Definitions. —...

...of "gross income, deductions, credits or allowances" is permitted under section 45 of the Code where "necessary in order to prevent evasion of taxes, or...any of such organizations, trades, or businesses." Section 45 empowers the Commissioner to act to rectify abnormalities and distortions in income which...

...taxes or among such organizations, trades, or businesses, if the Secretary or the Secretary's delegate determines that such distribution, apportionment,...any of such organizations, trades, or businesses. Section 901 of the Code allows a credit against United States income tax of certain taxpayers for foreign...