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" First. All the ordinary and necessary expenses paid within the year in the maintenance and operation of its business and properties, including rentals or other payments required to be made as a condition to the continued use or possession of property;... "
Cases Decided in the Court of Claims of the United States - Page 180
by United States. Court of Claims - 1929
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The Taxation of Corporations in New York: With Forms, and an Appendix ...

Henry Montefiore Powell, Martin Saxe - Corporations - 1914 - 612 pages
...Note A, and instructions, paragraphs 10, 17, 18, and 19 infra) $ DEDUCTIONS 4. (a) Total amount of all the ordinary and necessary expenses paid within the year in the maintenance and operation of the business and properties of the corporation EXCLUSIVE OF INTEREST PAYMENTS. (See Note B.) $ (6)...
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A New Income Tax Manual: Explaining the Requirements of the Federal Income ...

Joseph Walker Magrath - Income tax - 1915 - 110 pages
...association, etc., to make the following deductions from its gross income (Par. G, subd. b; GR 113) : (1) The ordinary and necessary expenses paid within the...the maintenance and operation of its business and properties, including rentals or other payments required to be made as a condition to the continued...
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United States Supreme Court Reports, Volume 60

United States. Supreme Court - Law reports, digests, etc - 1915 - 1212 pages
...receipts from all sources, during the calendar year ending December 31, 1914, after deducting ( 1 ) its ordinary and necessary expenses paid within the year...the maintenance and operation of its business and properties, and (2) all losses actually sustained within the year, and not compensated by insurance...
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A Treatise on the Law of Income Taxation Under Federal and State Laws

Henry Campbell Black - Income tax - 1915 - 936 pages
...(see Note A and instructions, paragraphs 10, 17, 18, and 19.) $ DEDUCTIONS. 4. (a) Total amount of all the ordinary and necessary expenses paid within the year in the maintenance and operation of the business and properties of the corporation, exclusive of interest payments. (See Note B.) $ (b)...
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Increase of Revenue, Briefs and Statements ... on H.R. 16763 ... 1916

United States. U.S. Congress. Senate. Committee on finance - 1916 - 320 pages
...taxable income for 12 months. All corporations not owning incumbered real estate are given the right to deduct all the ordinary and necessary expenses...the maintenance and operation of its business and properties, including rentals or other payments required to be made as a condition to the continued...
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Income Tax Law: Analysis and Comment

Harris, Forbes & Co., New York - Income tax - 1916 - 140 pages
...deducting from the gross amount of its income received within the year from all sources — First. All the ordinary and necessary expenses paid within...the maintenance and operation of its business and properties, including rentals or other payments required to be made as a condition to the continued...
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 240

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - Law reports, digests, etc - 1916 - 812 pages
...receipts from all sources, during the calendar year ending December 31, 1914, after deducting (1) its ordinary and necessary expenses paid within the year...the maintenance and operation of its business and properties and (2) all losses actually sustained within the year and not compensated by insurance or...
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Federal Income Tax: A Plain Presentation of the Complex Law for the Benefit ...

Bruce Craven, Reuben Oscar Everett - Income tax - 1916 - 466 pages
...Interest Received S $ Total $ f DEDUCTIONS. 4. EXPENSES, GENERAL: The items below should only include the ordinary and necessary expenses paid within the year In the maintenance and operation of the business and properties of the corporation, not including interest payments (which are to be reported...
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War Revenue and Federal Income Tax Laws

National Bank of Commerce in New York - Income tax - 1917 - 180 pages
...deducting from the gross amount of its income received within the year from all sources — First. All the ordinary and necessary expenses paid within...the maintenance and operation of its business and properties, including rentals or other payments required to be made as a condition to the continued...
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The Income Tax Under United States and Massachusetts Law

Frank A. North - Income tax - 1917 - 164 pages
...deducting from the gross amount of its income received within the year from all sources — First. All the ordinary and necessary expenses paid within...the maintenance and operation of its business and properties, including rentals or other payments required to be made as a condition to the continued...
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