...the net income of a corporation subject to the lux imposed by section L.iO there shall be allowed us deductions: (1) All the ordinary and necessary expenses...personal services actually rendered, and including réntala or other payments required to be made as a condition to the continued use or possession of...

...as deductions: "All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable...for personal services actually rendered; . . . and rentals or other payments Opinion of the Court. 356 US The taxpayers received income from bookmaking...

...•••••• "All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable...for personal services actually rendered; . . . and rentals or other payments required to be made as a condition to the continued use or possession, for...

...and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including * * * rentals or other payments required...use or possession, * * * of property to which the taxpayer has not taken or is not taking title or in which he has no equity." AQUALANE SHORES, INC....

...excess profits taxes. DEDUCTIONS ALLOWED: BUSINESS EXPENSES. SEC. 214. (a) That in computing net income there shall be allowed as deductions: (1) All the...including 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...

...States. Deductions Allowed. Sec. 214. (a) That in computing- net income there shall he allowed a» deductions: (1) All the ordinary and necessary expenses...including rentals or other payments required to be made as a condition to the continued use or possession, for purposes the taxpayer has not taken or...

...be allowed as deductions: (a) All the ordinary and necessary expenses paid during the income year in carrying on any trade or business, including a reasonable...including rentals or other payments required to be made as a condition to the continued use or possession, for the purposes of the trade or business,...

...deductions to be made from the gross income to arrive at the net income, and includes in subdivision 1 "all the ordinary and necessary expenses paid or...including a reasonable allowance for salaries or other compensation for personal services actually rendered," etc. The words "paid or incurred" have a meaning...

...taxable income, of all the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable...compensation for personal services actually rendered, and traveling expenses (including the entire amount expended for meals and lodging) while away from home...

...In General. — All the ordinary and necessary expenses paid or Incurred during the taxable year In carrying on any trade or business, including a reasonable...personal services actually rendered ; • • • and rentals or other payments required to be made as a condition to the continued use or possession, for...