Reports of the U.S. Board of Tax Appeals, Volume 9U.S. Government Printing Office, 1929 - Taxation |
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Page 46
... income and prof- its taxes for the fiscal years ended October 31 , 1918 , 1919 , and 1921 , respectively . The petitioner asserts the respondent made the follow- ing errors in determining these deficiencies : For 1918 .- ( 1 ) ...
... income and prof- its taxes for the fiscal years ended October 31 , 1918 , 1919 , and 1921 , respectively . The petitioner asserts the respondent made the follow- ing errors in determining these deficiencies : For 1918 .- ( 1 ) ...
Page 94
... income taxes imposed upon the lessor with reference to the rental . The lessee paid the Federal tax upon the net income returned by petitioner for each year subsequent to the lease . Held , the amount of tax so paid constitutes ...
... income taxes imposed upon the lessor with reference to the rental . The lessee paid the Federal tax upon the net income returned by petitioner for each year subsequent to the lease . Held , the amount of tax so paid constitutes ...
Page 105
... income for 1920 because it represented income in prior years but not reported in such prior years , held not to be income in 1920 . 3. Where no basis existed for respondent to include $ 1,450 in income for 1920 , held , such amount ...
... income for 1920 because it represented income in prior years but not reported in such prior years , held not to be income in 1920 . 3. Where no basis existed for respondent to include $ 1,450 in income for 1920 , held , such amount ...
Page 108
... income for 1920 , with the following explanation : During the year 1920 , the corporation purchased a new truck in exchange for an old truck and cash . This purchase was properly capitalized and the cost of the old truck was charged off ...
... income for 1920 , with the following explanation : During the year 1920 , the corporation purchased a new truck in exchange for an old truck and cash . This purchase was properly capitalized and the cost of the old truck was charged off ...
Page 126
... income as worthless debts in petitioner's income - tax returns . If and when collections were made , the amounts thereof were included in income . This practice was in effect in 1916 and was followed in subsequent years at least to and ...
... income as worthless debts in petitioner's income - tax returns . If and when collections were made , the amounts thereof were included in income . This practice was in effect in 1916 and was followed in subsequent years at least to and ...
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additional agreement alleged allowed amount Appeal assessment assets Bank basis Board capital stock cash cent Centaur Company charged claim Coal COMMISSIONER OF INTERNAL Company computing contract Corning Glass corporation cost debt decedent December 23 December 31 deduction from gross deficiency in income Delaware Corporation depreciation determined disallowed dividends Docket earnings entered on 15 equipment evidence executors expenses February 28 filed FINDINGS OF FACT follows ganister gross income held included income and profits income tax income-tax return interest INTERNAL REVENUE invested capital issue January January 31 lease Lessee Lessor liability loss lumber manufacture March net income November 25 operation opinion paid par value parties partnership payment period peti petitioner petitioner's plant preferred stock prior profits taxes Promulgated December Promulgated November purchase question Railroad received redetermination respondent Revenue Act Rule 50 salaries shares sold statute stockholders taxable taxpayer thereof tion tioner trust