...taxable yenr In carrying on any trade or business, including a reasonable allowance tor salaries or other compensation for personal services actually...business ; and rentals or other payments required to be made (including, at the option of the taxpayer, all Kmmissiont or any part thereof that have been paid...

...1921, under which the deductibility of such expenses was denied, expressly authorizes the deduction of "traveling expenses (including the entire amount expended...while away from home in the pursuit of a trade or business," while the revenue act of 1918, under which the deductibility of traveling expenses incident...

...authorized by the following provisions of the Revenue Act of 1926 : Section 214. (a) In computing net income there shall be allowed as deductions : (1)...while away from home in the pursuit of a trade or business; .... The phrase "trade or business," where it appears above, has been uniformly construed...

...expenses paid or incurred during the taxable year in carrying on any trade or business, including * * * traveling expenses (including the entire amount expended...while away from home in the pursuit of a trade or business ; * * *. SEC. 215. (a) That in computing net income no deduction shall in any case be allowed...

...Section 214. [Individuals] (a) In computing net income there shall be allowed as deductions: (i) .... traveling expenses (including the entire amount expended...while away from home in the pursuit of a trade or business; .... REGULATION. Traveling expenses as ordinarily understood, include railroad fares and...

...Expenses. — All the ordinary anil necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable...pursuit of a trade or business ; and rentals or other pay mi-ills required to be made as a condition to the continued use or possession, for purposes of...

...taxable year in carrying on any trade or business, including a reasonable allowance lor salaries or other compensation for personal services actually...purposes of the trade or business, of property to whicn the taxpayer has not taken or is not taking title or in which he has no equity. (b) INTEREST....

...groa» income under thi.i title, including a reasonable allowance for salaries or other comiKMisation for personal services actually rendered; traveling...while away from home in the pursuit of a trade or business or for the. production of income required to be included in дгомя tnetinw under thi»...

...CA) In general. All the ordinary and necessary expenses paid or Incurred during the taxable year in ation required under this chapter as the Commissioner,...collect such payments without having obtained a license ior meals and lodging) while away from home in the pursuit of a trade or business; and rentals or other...

...this title? includiDS a reasonable allowance for salaries or other compensation for personal service* actually rendered; traveling expenses (including the...while away from home In the pursuit of a trade or bus*' ness or for the production of income required to be included in gross incorfl^ under this title;...