 | Robert Hiester Montgomery - 1920 - 1320 pages
...by the following quotation : REGULATIONS. No deduction from gross income may be made for any amounts paid out for new buildings or for permanent improvements...betterments made to increase the value of any property, or for any amounts expended in restoring property or in making good 3iThe general sources are, for American... | |
 | United States. Board of Tax Appeals - 1930 - 1618 pages
...That in computing net Income no deduction shall in any case be allowed In respect of — »**••** (2) Any amount paid out for new buildings or for permanent...made to Increase the value of any property or estate. Section 235 of the same Act provides with respect to the computation of the net income of corporations... | |
 | United States. Board of Tax Appeals - 1931 - 1490 pages
...in computing net income no deduction shall in any case be allowed in respect of • »»»»•• (3) Any amount expended in restoring property or in...thereof for which an allowance is or has been made. In our opinion the facts in these proceedings do not sustain the respondent in his determination. Clearly,... | |
 | United States. Bureau of Internal Revenue - 1933 - 452 pages
...the mine, or (2) do not decrease the cost of production of mineral units, or (3) do not represent an amount expended in restoring property or in making...thereof for which an allowance is or has been made, shall be deducted as ordinary and necessary business expenses. ART. 236. Charges to capital and to... | |
 | United States. Bureau of Internal Revenue, United States. Internal Revenue Service - 1935 - 502 pages
...General rule. — In computing net income no deduction shall in any case be allowed in respect of — (1) Personal, living, or family expenses; (2) Any...thereof for which an allowance is or has been made ; (4) Premiums paid on any life insurance policy covering the life of any officer or employee, or of... | |
 | United States, United States. Congress. House. Committee on Ways and Means - 1936 - 308 pages
...GENEKAL RULE. — In computing net income no deduction shall in any case be allowed in respect of — (1) Personal, living, or family expenses; (2) Any...thereof for which an allowance is or has been made; (4) Premiums paid on any life insurance policy covering the life of any officer or employee, or of... | |
 | United States. Internal Revenue Service - 1936 - 604 pages
...General rule. — In computing net income no deduction shall in any case be allowed in respect of — (1) Personal, living, or family expenses; (2) Any...thereof for which an allowance is or has been made ; (4) Premiums paid on any life insurance policy covering the life of any officer or employee, or of... | |
 | United States - 1939 - 780 pages
...GENERAL RULE. — In computing net income no deduction shall in any case be allowed in respect of — m Personal, living, or family expenses; (2) Any amount...thereof for which an allowance is or has been made ; (4) Premiums paid on any life insurance policy covering the life of any officer or employee, or of... | |
 | United States. Congress. Senate. Committee on Finance - 1939 - 1104 pages
...status. In return for fractional part of year. Net income computed on basis of annui.l accounting period. (3) any amount expended in restoring property or in...thereof for which an allowance is or has been made; and (4) premiums paid on any life-insurance policy covering the life of any officer or employee or... | |
 | United States. Congress. House. Committee on Ways and Means - 1965 - 602 pages
...SURTAXES SEC. 263. CAPITAL EXPENDITURES. (a) GENERAL RULE. — No deduction shall be allowed for — (1) Any amount paid out for new buildings or for permanent...made to increase the value of any property or estate. This paragraph shall not apply to — (A) expenditures for the development of mines or deposits deductible... | |
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Any amount paid out for new buildings or for permanent improvements or betterments made to increase the value of any property or estate... 
