 (a) There shall be allowed as a deduction (In lieu of the deduction for charitable, etc., contributions authorized by section 23 (n)) any part of the gross Income, without limitation, which pursuant to the terms of the will or deed creating the trust....  Reports of the Tax Court of the United States - Page 515by United States. Tax Court - 1961Full view - About this book
 | United States. Court of Claims - Law reports, digests, etc - 1948 - 886 pages
...INCOME. The net income of the estate or trust shall be computed In the same manner and on the same basis as In the case of an Individual, except that...charitable, etc., contributions authorized by section 28 (o)) any part of the gross Income, without limitation, which pursuant to the terms of the Trill... | |
 | United States. Court of Claims - Law reports, digests, etc - 1940 - 772 pages
...(44 Stat. 9, 32) to deduct such income for income tax purposes. Section 219 (b) (1) is as follows: There shall be allowed as a deduction (in lieu of the deduction authorized by paragraph (10) of subdivision (a) of section 214) any part of the gross income, Opinion... | |
 | United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - Courts - 1980 - 1224 pages
...by section 170 (a), relating to deduction for charitable, etc., contributions and gifts) any amount of the gross income, without limitation, which pursuant to the terms of the governing instrument is, during the taxable year, paid or permanently set aside for a purpose specified... | |
 | United States. Internal Revenue Service - Income tax - 1924 - 396 pages
...be computed in the same manner and on the same basis as provided in section 212, except that— (1) There shall be allowed as a deduction (in lieu of the deduction authorized by paragraph (10) of subdivision (a) of section 214) any part of the gross income, without... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - Income tax - 1925 - 580 pages
...computed in the same manner and on the same basis as provided in section 212, m except that — (1) There shall be allowed as a deduction (in lieu of the deduction authorized by paragraph (10) of subdivision (a) of section 214) any part of the gross income, without... | |
 | Irving Bank-Columbia Trust Company - Income tax - 1925 - 152 pages
...be computed in the same manner and on the same basis as provided in section 212, except that — (1) There shall be allowed as a deduction (in lieu of the deduction authorized by paragraph (10) of subdivision (a) of section 214) any part of the gross income, without... | |
 | John F. Sherwood - Income tax - 1925 - 206 pages
...be computed in the same manner and on the same basis as provided in section 212, except that — (1) There shall be allowed as a deduction (in lieu of the deduction authorized by_ paragraph (10) of subdivision (a) of section 214) any part of the gross income, without... | |
 | Joseph Henry Beale, Roswell Foster Magill - Taxation - 1926 - 744 pages
...be computed in the same manner and on the same basis as provided in section 212, except that — (1) There shall be allowed as a deduction (in lieu of the deduction authorized by paragraph (10) of subdivision (a) of section 214) any part of the gross income, without... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - Taxation - 1927 - 414 pages
...INCOME. The net income of the estate or trust shall be computed in the same manner and on the same basis as in the case of an individual, except that—...charitable, etc., contributions authorized by section 23(n)) any part of the gross income, without limitation, which pursuant to the terms of the will or... | |
 | Eric Louis Kohler - Income tax - 1927 - 618 pages
...be computed in the same manner and on the same basis as provided in section 212, except that — (1) There shall be allowed as a deduction (in lieu of the deduction authorized by paragraph (ro) of subdivision (a) of section 214) any part of the gross income, without... | |
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