Reports of the Tax Court of the United States, Volume 3U.S. Government Printing Office, 1945 - Law reports, digests, etc Final issue of each volume includes table of cases reported in the volume. |
From inside the book
Results 1-5 of 100
Page 120
... respondent . These proceedings , duly consolidated , involve deficiencies in income and excess profits taxes determined by the respondent against pe- titioner for the calendar years 1937 , 1939 , and 1940 in amounts as follows : 112652 ...
... respondent . These proceedings , duly consolidated , involve deficiencies in income and excess profits taxes determined by the respondent against pe- titioner for the calendar years 1937 , 1939 , and 1940 in amounts as follows : 112652 ...
Page 129
... respondent made no adjustments regarding bad debts for either year . In his brief the respondent con- tended that in the absence of evidence showing that no part of the debts totaling $ 741.54 was contained in the larger amount of ...
... respondent made no adjustments regarding bad debts for either year . In his brief the respondent con- tended that in the absence of evidence showing that no part of the debts totaling $ 741.54 was contained in the larger amount of ...
Page 185
... respondent's contention that the restriction buton on of net earnings Bennstr aggregate sum in excess of ifty percent of the net earning e as a measure definting the amront of dividends which can be paid from any score , and not to ...
... respondent's contention that the restriction buton on of net earnings Bennstr aggregate sum in excess of ifty percent of the net earning e as a measure definting the amront of dividends which can be paid from any score , and not to ...
Page 186
... respondent's motion to strike . It must be observed , how- ever , that the particular evidence in question , while admissible , is itself more ambiguous than the contract it was intended to explain , and we have in no way relied upon it ...
... respondent's motion to strike . It must be observed , how- ever , that the particular evidence in question , while admissible , is itself more ambiguous than the contract it was intended to explain , and we have in no way relied upon it ...
Page 187
... respondent . Nor can we agree with respondent's contention that the restriction was limited to a distribution out of net earnings . The words " any aggregate sum in excess of fifty percent of the net earnings " are used as a measure ...
... respondent . Nor can we agree with respondent's contention that the restriction was limited to a distribution out of net earnings . The words " any aggregate sum in excess of fifty percent of the net earnings " are used as a measure ...
Contents
509 | |
547 | |
548 | |
571 | |
626 | |
644 | |
831 | |
875 | |
187 | |
203 | |
219 | |
230 | |
231 | |
251 | |
281 | |
321 | |
328 | |
349 | |
372 | |
432 | |
917 | |
977 | |
1018 | |
1024 | |
1041 | |
1058 | |
1100 | |
1265 | |
1291 | |
1300 | |
1306 | |
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Common terms and phrases
agency seems public agree agreement amended amount assets assignment bank basis beneficiary capital capital surplus class as nontaxable Commissioner common stock Company consideration contended corporation Court debentures decedent decedent's December 31 deduction deed deficiency dividends division drilling eliminated as evidencing eminent domain enumerated and relied estate tax excess profits tax fact filed governmental power gross income Helvering holders income tax indebtedness instrumentality interest Internal Revenue Code interpretation that legislatures issue subpoenas June 25 lease liability minerals paid parties payable payment Pepsi-Cola petitioner petitioner's police officers police powers relied political sub power of eminent power of taxation power to issue preferred stock profits provisions purchase received respondent seems altogether helpful shares of common sovereign state pow statute as regular statutory interpretation stipulated stockholders subpoenas supra tax return taxable taxation specifically denied throughout later revenue transfer treasury stock trust Wichita Falls York Authority appears
Popular passages
Page 170 - Includes gains, profits, and Income derived from salaries, wages, or compensation for personal service, of whatever kind and in whatever form paid, or from professions, vocations, trades, businesses, commerce, or sales, or dealings in property, whether real or personal, growing out of the ownership or use of or interest in such property; also from interest, rent, dividends, securities, or the transaction of any business carried on for gain or profit, or gains or profits and Income derived from any...
Page 434 - To the extent of any interest therein of which the decedent has at any time made a transfer, by trust or otherwise, where the enjoyment thereof was subject at the date of his death to any change through the exercise of a power, either by the decedent alone or in conjunction with any person, to alter, amend? or revoke...
Page 449 - ... a fraternal society, order, or association operating under the lodge system, but only if such contributions or gifts are to be used by such trustee or trustees, or by such fraternal society, order, or association, exclusively for religious, charitable, scientific, literary, or educational purposes...
Page 170 - 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...
Page 309 - The amount of all such items shall be included in the gross income for the taxable year in which received by the taxpayer, unless under methods of accounting permitted under subdivision (b) of section 212, any such amounts are to be properly accounted for as of a different period...
Page 27 - ... (a) There shall be allowed as a deduction (in lieu of the deduction for charitable, etc., contributions authorized by section 23 (o)) any part of the gross income, without limitation, which pursuant to the terms of the will or deed creating the trust, is during the taxable year paid or permanently set aside...
Page 464 - ... if under the trust instrument it is impossible, at any time prior to the satisfaction of all liabilities with respect to employees and their beneficiaries under the trust, for any part of the corpus or income to be (within the taxable year or thereafter) used for, or diverted to, purposes other than for the exclusive benefit of his employees or their beneficiaries...
Page 53 - The amounts of the following liabilities shall, except as hereinafter in this section provided, be assessed, collected, and paid In the same manner and subject to the same provisions and limitations...
Page 359 - capital assets' means property held by the taxpayer (whether or not connected with his trade or business) , but does not include stock in trade of the taxpayer or other property of a kind which would properly be included in the inventory of the taxpayer if on hand at the close of the taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business...
Page 285 - The gain from the sale or other disposition of property shall be the excess of the amount realized therefrom over the adjusted basis provided in section 1011 for determining gain, and the loss shall be the excess of the adjusted basis provided in such section for determining loss over the amount realized. (b) Amount realized,. The amount realized from the sale or other disposition of property...