| United States. Supreme Court - 1934 - 816 pages
...shall be computed upon the net income of the estate or trust, and shall be paid by the fiduciary. The net income of the estate or trust shall be computed in the same manner and on the same basis as provided in section 212, except that — . . . Opinion of the Court. 290 US which lay... | |
| United States. Board of Tax Appeals - 1934 - 1646 pages
...the executor shall be responsible for making the return of income for the estate, the net income to be computed in the same manner and on the same basis as in the case of individuals, with an exception not here material. We think it clear that the death of Burroughs put... | |
| United States. Bureau of Internal Revenue, United States. Internal Revenue Service - 1935 - 502 pages
...consideration is to be given to the additional deductions authorized in section 162. SEC. 162. NET INCOME. The net income of the estate or trust shall be computed...on the same basis as in the case of an individual, except that— (a) There shall be allowed as a deduction (in lieu of the deduction for charitable,... | |
| United States. Board of Tax Appeals - 1935 - 1394 pages
...fiduciary, * * * SEC. 102. NET INCOME. The net income of the estate or trust shall be computed in tlie same manner and on the same basis as in the case of an individual, except that — ******* (b) There shall be allowed as an additional deduction in computinf; the net... | |
| United States. Internal Revenue Service - 1936 - 604 pages
...consideration is to be given to the additional deductions authorized in section 162. SEC. 162. NET INCOME. The net income of the estate or trust shall be computed...on the same basis as in the case of an individual, except that— (a) There shall be allowed as a deduction (in lieu of the deduction for charitable,... | |
| United States, United States. Congress. House. Committee on Ways and Means - 1936 - 308 pages
...benefit of the grantor) . For return made hy beneficiary, see section 142. SEC. 162. NET INCOME. The net income of the estate or trust shall be computed...on the same basis as in the case of an individual, except that — (a) There shall be allowed as a deduction (in lieu of the deduction for charitable,... | |
| United States. Congress. Senate. Committee on the District of Columbia - 1947 - 1136 pages
...section 8 of this title (relating to income for benefit of the grantor). SEC. 5. NET INCOME.— The net income of the estate or trust shall be computed in the same manner and upon the same basis as in the case of an individual, except as to the personal exemptions and credits... | |
| United States. Congress. Senate. Committee on the District of Columbia - 1947 - 1798 pages
...section 8 of this title ( relating to income for benefit of the grantor) . SEC. 5. NET INCOME. — The net income of the estate or trust shall be computed in the same manner and upon the same basis as in the ease of an individual, except as to the personal exemptions and credits... | |
| United States. Tax Court - 1947 - 1522 pages
...contends, since the entire income is to be paid to the life 'SEC. 162. NET INCOME. The net Income of tbe estate or trust shall be computed In the same manner and on the name basis as In the case of an Individual, except that — (a) There shall be allowed as a deduction... | |
| United States. Congress. Senate. Committee on Interstate and Foreign Commerce - 1948 - 1064 pages
...subparagraph (a) of section 162 of the code provides as follows: The net income of the estate or trust fhall be computed in the same manner and on the same basis as in the case of an individual except (a) there shall be allowed a deduction for charitable et cetera, contributions authorized by... | |
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