Interest. — All interest paid or accrued within the taxable year on indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued after September 24, 1917,... Comparison of the Revenue Acts of 1934 and 1936 - Page 22by United States, United States. Congress. House. Committee on Ways and Means - 1936 - 290 pagesFull view - About this book
| United States. Tax Court - 1953 - 1326 pages
...indebtedness incurred or continued to purchase or carry obligations (other than obligations of the fnlted States issued after September 24, 1917, and originally...which Is wholly exempt from the taxes Imposed by this chapter. •REGULATIONS 111. SEC. 29.23 (b)-l. INTEREST. — Interest paid or accrued within the year... | |
| United States. Tax Court - 1953 - 1328 pages
...INCOME. In computing net Income there shall be allowed as deductions : • • • • . • • • (b) INTEREST. — All Interest paid or accrued within...continued to purchase or carry obligations (other flu" obligations of the United States issued after September 24, 1917, and originally subscribed for... | |
| United States. Congress. Senate. Committee on Finance - 1955 - 84 pages
..."(d) INTEREST PAID. — For purposes of subsection (c) (3), the term 'interest paid' means — "(1) all interest paid or accrued within the taxable year...September 24, 1917, and originally subscribed for by tin: taxpayer) the interest on which is wholly exempt from taxation under this chapter; and "(2) all... | |
| United States. Tax Court - 1955 - 1498 pages
...SEC. 23. DEDUCTIONS FROM GROSS INCOME. In computing net Income there shall be allowed as deductions : (b) INTEREST.— All Interest paid or accrued within...obligations of the United States Issued after September 24, 1017, and originally subscribed for by the taxpayer) the Interest upon which Is wholly exempt from... | |
| United States. Internal Revenue Service - 1955 - 752 pages
...erect.—Enter the amount of interest paid or accrued during the taxable year on the company's indebtedne«, except on indebtedness! Incurred or continued to purchase...obligations (other than obligations of the United State« issued after September 24, 1917, and originally subscribed for by the taxpayer) the interest... | |
| United States. Internal Revenue Service - 1956 - 1348 pages
...paid. (d) INTFREHT PAID. — For purposes of subsection (c)(3), the term "Interest paid" means — (1) all interest paid or accrued within the taxable year...originally subscribed for by the taxpayer) the interest on which is wholly exempt from taxation under this chapter ; and (2) all amounts in the nature of interest,... | |
| United States. Tax Court - 1957 - 1440 pages
...INCOME. In computing net Income there shall be allowed as deductions : • • • • • • • (b) INTEREST. — All Interest paid or accrued within...which Is wholly exempt from the taxes imposed by this chapter. 385768—57In 1945, petitioner acquired a parcel of real property in the city of St. Louis,... | |
| United States. Tax Court - 1957 - 1296 pages
...of 1939 provides that in computing net income there shall be allowed as deductions : INTEEEST. — All Interest paid or accrued within the taxable year...originally subscribed for by the taxpayer) the Interest npon which Is wholly exempt from the taxes imposed by this chapter. adjustment of the purchase price... | |
| United States. Tax Court - 1957 - 1126 pages
...FROM GROSS INCOME. In computing net Income there shall be allowed as deductions : • *•••** (b) INTEREST. — All interest paid or accrued within...September 24, 1917, and originally subscribed for b; the taxpayer) the Interest upon which Is wholly exempt from the taxes Imposed by this chapter. equipment... | |
| 1961 - 88 pages
...— Enter interest paid or accrued on business indebtedness. Do not include interest on indebtedness incurred or continued to purchase or carry obligations...originally subscribed for by the taxpayer) the interest on which is wholly exempt from income tax. (Section 265.) See section 267 for limitation on deductions... | |
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