 | United States. Bureau of Internal Revenue - 1921 - 778 pages
...taxable year in carrying on any trade or business * * *." Section 215 of the same Act provides that in computing net income no deduction shall in any case be allowed in respect of (a) "personal, living, or family expenses." From a mining of the. above provisions it is clear that... | |
 | Louisiana (State). Assessment and Taxation Commission - 1921 - 294 pages
...a part of the income of the income year and assess, it accordingly. Sec. 307. Items not deductible. In computing net income no deduction shall in any case be allowed in respect of: (a) Personal, living or family expenses; (b) Any amount paid out for new buildings or for permanent... | |
 | National Tax Association - 1921 - 76 pages
...and assess it accordingly ; (h) For each taxpayer, the sum of $1000. Sec. 307. Items not deductible. In computing net income no deduction shall in any case be allowed in respect of : (a) Personal, living or family expenses; (b) Any amount paid out for new buildings or for permanent... | |
 | United States. Internal Revenue Service - 1921 - 348 pages
...corporations, see section 234 (b) of the statute and article 573. ^ ITEMS NOT DEDUCTIBLE. SEC. 215. That in computing net income no deduction shall in any case be allowed in respect of — (a) Personal, living, or family expenses; (b) Any amount paid out for new buildings or for permanent... | |
 | Rex Frye - 1921 - 350 pages
...rules and regulations prescribed by the Commissioner with the approval of the Secretary. SEC. 235. That in computing net income no deduction shall in any case be allowed in respect of any of the items specified in section 215. SEC. 236. That for the purpose only of the tax imposed by... | |
 | United States. Bureau of Internal Revenue - 1921 - 772 pages
...— COST OF NEW BUILDINGS. ' No deduction as expenses is allowed by the law in any case in respect of any amount paid out for new buildings, or for permanent improvements or betterments umdu to increase the value of any property or estate. TREASURY DEPARTMENT, OFFICE OF COMMISSIONER OF... | |
 | James Hinton Pou - 1922 - 1032 pages
...following items -are not deductible from gross incomes: (a) Personal living or family expenses. (b) Any amount paid out for new buildings or for permanent...made to increase the value of any property or estate. (c) Any amount expended in restoring property for which an allowance is or has been made. (d) Premiums... | |
 | Newfoundland - 1922 - 320 pages
...on by the taxpayer, when the taxpayer is directly or indirectly a beneficiary under such policy; (b) any amount paid out for new buildings or for permanent...made to increase the value of any property or estate; (c) any amount expended in restoring property or in making good the exhaustion thereof, for which an... | |
 | United States - 1922 - 756 pages
...local benefits of a kind tending to increase the value of the property assessed, and not including any amount paid out for new buildings, or for permanent improvements or betterments made to increase the value of any property. The deduction allowed by this paragraph shall be allowed in the case of... | |
 | Emerson Emanuel Rossmoore - 1922 - 592 pages
...are not deductible. T? FT-'FRFNf F ' ^ ' Sec. 214 (a) (3): (Quoted under Problem 101.) Sec. 215 (a) : "In computing net income no deduction shall in any case) be allowed in respect of—(1) Personal, living, or family expenses." PROBLEM 139 JUustrating Items not Deductible—Damages... | |
| |
Any amount paid out for new buildings or for permanent improvements or betterments' made to increase the value of any property or estate; 3. 
