...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...

...payment as deductions from gross income. Section 215 of the Revenue Act of 1918 provides : That iu computing net Income no deduction shall In any case be allowed In respect of — • •«*»«« In a similar case, Williamson Veneer Co., 10 BTA 1259, we stated: The insurance...

...235 of the same Act provides with respect to the computation of the net income of corporations : That In computing net Income no deduction shall In any case be allowed IB respect of any of the items specified in section 215. We think it is clear that the entire cost...

...§24(a) of the 1939 Code <the statutory predecessor of §B63(a)), forbidding a deduction for amounts paid "for permanent improvements or betterments made to increase the value of any property or estate" — an objection that is equally applicable to the artifloinl useful lives and the repair allowance...

...and 246) in the manner provided in section 217." " ITEMS NOT DEDUCTIBLE BY CORPORATIONS " Sec. 255. In computing net income no deduction shall in any case be allowed in respect to any of the items specified in section 215." A statute so replete with drafting absurdities is a...

...expenditures — (a) General rule. No deduction shall be allowed for — (1) Any amount paid out lor new buildings or for permanent Improvements or betterments...made to Increase the value of any property or estate. This paragraph «hail not apply to — (A) Expenditures for the development of mines or deposits deductible...

...respect to the real estate owned by the company. No deduction shall be allowed under this paragraph for any amount paid out for new buildings, or for permanent improvements or betterments made to increase the value of any property. (4) Depreciation. The depreciation deduction allowed by section 167. (5)...

...respect to the real estate owned by the company. No deduction shall be allowed under this paragraph for any amount paid out for new buildings, or for permanent improvements or betterments made to increase the value of any property. (4) Depreciation. The depreciation deduction allowed by section 167. (5)...

...respect to the real estate owned by the company. No deduction shall be allowed under this paragraph for any amount paid out for new buildings, or for permanent improvements or betterments made to increase the value of any property. (4) Depreciation. The depreciation deduction allowed by section 167. (5)...

...of shareholders paid by a corporation). No deduction shall be allowed under section 822(c) (3) for any amount paid out for new buildings, or for permanent improvements or betterments made to increase the value of any property. An itemized schedule of such taxes and expenses shall be attached to the...