Reports of the Tax Court of the United States, Volume 21U.S. Government Printing Office, 1954 - Taxation |
From inside the book
Results 1-5 of 100
Page 20
... included in the budget as an item of cost and its payment to you deferred . ( b ) The distributor will be advised and instructed to pay such amount to you from the producer's share of the gross receipts realized from the distribution of ...
... included in the budget as an item of cost and its payment to you deferred . ( b ) The distributor will be advised and instructed to pay such amount to you from the producer's share of the gross receipts realized from the distribution of ...
Page 26
... included in the budget for said picture as approved by us or otherwise consented to by us in writing . Certain items that will make up a portion of the negative cost of the picture , the costs of which have been agreed upon are as ...
... included in the budget for said picture as approved by us or otherwise consented to by us in writing . Certain items that will make up a portion of the negative cost of the picture , the costs of which have been agreed upon are as ...
Page 32
... included in the budget for the story and that is all Mutual and Columbia paid for it . The $ 100,000 payment and the 50-50 division , being last in the order of priority , came from profits , after all budgeted costs of pro- duction and ...
... included in the budget for the story and that is all Mutual and Columbia paid for it . The $ 100,000 payment and the 50-50 division , being last in the order of priority , came from profits , after all budgeted costs of pro- duction and ...
Page 39
... included in gross income by Wes- tates . Westates did not sell or otherwise dispose of its interest in the land it had leased but retained a portion of its interest in the oil and gas in place while assigning the right for a limited ...
... included in gross income by Wes- tates . Westates did not sell or otherwise dispose of its interest in the land it had leased but retained a portion of its interest in the oil and gas in place while assigning the right for a limited ...
Page 40
... included in income and depletion allowed thereon subject to the proposition that if the leases or mineral rights for which the advance payment was made are abandoned or terminated prior to the removal of the oil or gas , the lessor must ...
... included in income and depletion allowed thereon subject to the proposition that if the leases or mineral rights for which the advance payment was made are abandoned or terminated prior to the removal of the oil or gas , the lessor must ...
Other editions - View all
Common terms and phrases
acquired adjustments agreement allowed amount April assets average base period Bank basis bonds capital gain cash cent claimed coal COMMISSIONER OF INTERNAL Company computing contract corporation cost Court cream cheese debentures decedent December 31 decree deduction deficiency determined disallowed distribution dividend divorce Docket earnings excess profits credit excess profits tax expenses February 28 filed FINDINGS OF FACT follows gross income held included income tax income tax return interest Internal Revenue Code invested issue Jack Chesbro January June 30 Kraft Ill Lake Wales lease liability loss ment National Dairy net income operating ordinary income paid Pardon My Past parties partnership patents payable payments period net income peti petitioner petitioner's prior production purchase purpose received rental respondent respondent's salary section 722 shares sold stipulated stockholders supra taxpayer thereof tion tioner trade or business transferred trust United wife yeast
Popular passages
Page 83 - Deductions otherwise allowed by law not attributable to the operation of a trade or business regularly carried on by the taxpayer...
Page 301 - 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 828 - In the case of an Individual, losses sustained during the taxable year and not compensated for by insurance or otherwise — (1) U Incurred In trade or business; or (2) If Incurred in any transaction entered into for profit, though not connected with the trade or business...
Page 814 - This is not the substitution of the will of the judge for that of the legislator, for frequently words of general meaning are used in a statute, words broad enough to include an act in question, and yet a consideration of the whole legislation, or of the circumstances surrounding its enactment, or of the absurd results which follow from giving such broad meaning to the words, makes it unreasonable to believe that the legislator intended to include the particular act.
Page 8 - When aid to construction of the meaning of words, as used in the statute, is available, there certainly can be no "rule of law" which forbids its use, however clear the words may appear on "superficial examination.
Page 468 - ... as are allowed by the laws of the jurisdiction, whether within or without the United States, under which the estate is being administered...
Page 953 - ... organized and operated exclusively for religious, charitable, scientific, literary, or educational purposes, Including the encouragement of art and the prevention of cruelty to children or animals...
Page 278 - ... in discharge of, a legal obligation which, because of the marital or family relationship, is imposed upon or incurred by such husband under such decree or under a written instrument incident to such divorce...
Page 8 - Frequently, however, even when the plain meaning did not produce absurd results but merely an unreasonable one 'plainly at variance with the policy of the legislation as a whole' this Court has followed that purpose, rather than the literal words.
Page 47 - February 28, 1913, the basis for depletion shall be the fair market value of the property at the date of discovery or within thirty days thereafter, If such mines were not acquired as the result of purchase of a proven tract or lease, and If the fair market value of the property Is materially disproportionate to the cost.