 | Robert Hiester Montgomery - 1919 - 1016 pages
...material and supplies has not been taken into account in determining the net income for any previous year. possession, for purposes of the trade or business,...is not taking title or in which he has no equity;' Section 234. [Corporations], (a) That in computing the net income of a corporation subject to the tax... | |
 | United States. Board of Tax Appeals - 1930 - 1554 pages
...ordinary and necessary expenses pnid or incurred during the taxable year in carrying on any trails or business, Including a reasonable allowance for...is not taking title or in which he has no equity. and section 214(a)(2), Kevenue Act of 1921, which, for present purposes is similar. (413) MARION STONE... | |
 | United States. Internal Revenue Service - 1931 - 502 pages
...home in the pursuit of a trade or business ; and rentals or other pay mi-ills required to be made as a condition to the continued use or possession, for...is not taking title or in which he has no equity. ART. 121. Business expenses. — Business expenses deductible from gross income include the ordinary... | |
 | United States. Congress. Senate. District of Columbia - 1932 - 110 pages
...payments required to be made as a condition to the continued use or possession for business purposes of property to which the taxpayer has not taken or is not taking title, or in which the taxpayer has no equity: Provided, That the provisions of this subdivision shall not be construed... | |
 | United States. Bureau of Internal Revenue - 1933 - 452 pages
...home in the pursuit of a trade or business; and rentals or other payments required to be made as a condition to the continued use or possession, for...is not taking title or in which he has no equity. ART. 121. Business expenses.—Business expenses deductible from gross income include the ordinary... | |
 | United States. Tax Court - 1976 - 1190 pages
...on any trade or business, including— * * * (3) rentals or other payments required to be made as a condition to the continued use or possession, for...is not taking title or in which he has no equity. We believe the key to defining Conso's rental liability is in turn determined by examining the relationship... | |
 | United States. Tax Court - 1977 - 1160 pages
...business including: (3) rentals or other payments required to be made as a condition to the continued possession, for purposes of the trade or business,...is not taking title or in which he has no equity. As in the case of salary or compensation, section 162(a)(3) does not specifically limit deductions... | |
 | United States. Tax Court - 1978 - 1134 pages
...(3) rentals or other payments required to be made as a condition to the continued use or |>osscssion, for purposes of the trade or business, of property...is not taking title or in which he has no equity. Petitioners recognize that the usual rule (applicable to cash as well as accrual basis taxpayers, see... | |
 | United States. Tax Court - 1972 - 942 pages
...any trade or business, including — ******* (3) rentals or other payments required to be made as a condition to the continued use or possession, for...of property to which the taxpayer has not taken or la not taking title or in which he has no equity. Claimed: Cash ront paid - .. . _ $15,900.00 $15,900... | |
 | United States. Tax Court - 1981 - 1252 pages
...years under the provisions of section 162(aX3) as rentals or other payments required to be made as a condition to the continued use or possession, for...purposes of the trade or business, of property to which Railway, L & A, NBRD, Carthage, and Lindgren were not taking title or in which they had no equity.... | |
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... rentals or other payments required to be made as a condition to the continued use or possession, for purposes of the trade or business, of property to which the taxpayer has not taken or is not taking title or in which he has no equity... 
