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" Any amount paid out for new buildings or for permanent improvements or betterments' made to increase the value of any property or estate; 3. "
New York State Personal Income Tax Law: Summary and Text of Law. List of ... - Page 83
by Harris, Forbes & Co., New York - 1920 - 102 pages
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 343

United States. Supreme Court - Courts - 1952
...Matter of Legislative Grace, 56 Harv. L. Rev. 1142. 118 Opinion of the Court. Section 24 adds that in "computing net income no deduction shall in any...respect of — (1) Personal, living, or family expenses . . . ." 53 Stat. 16, 56 Stat. 826, 26 USC 24 (1). Insofar as gifts to members of a donor's family...
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United States Reports: Cases Adjudged in the Supreme Court, Volume 308

United States. Supreme Court - Law reports, digests, etc - 1940
...Commissioner, ante, p. 39. "48Stat. 680, 691. "Sec. 24. Items not Deductible, "(a) General Rule.—In computing net income no deduction shall in any case be allowed in respect of— • . . • . "(6) Loss from sales or exchanges of property, directly or indirectly, (A) between members...
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Cases Decided in the United States Court of Claims ... with ..., Volume 125

United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1958
...plaintiffs' recovery on this part of their case. Section 24 (b) (1) of the Internal Revenue Code provides : In computing net income no deduction shall in any case be allowed in respect of losses from sales or exchanges of property, directly or indirectly — (A) between members of a family...
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Cases Decided in the United States Court of Claims, Volume 84

United States. Court of Claims - Claims - 1937
...incurred. Moreover, section 215 (b) of the Revenue Act of 1918 provides that there may be no deduction for any amount paid out for new buildings or for permanent improvements or betterments to increase the value of any property or estate, and, as the asset acquired was a longterm lease, which...
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Annual Report of the Secretary of the Treasury on the State of the Finances ...

United States. Department of the Treasury - Finance, Public - 1922
...Revenue for his decision. No deduction as expenses is allowed by the law in any case in respect of any amount paid out for new buildings, or for permanent...made to increase the value of any property or estate. Richard R. Doerschuck v. United States. — United States District Court (TD 3170). A dividend paid...
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Digest of Decisions and Regulations Made by the Commissioner of Internal ...

United States. Internal Revenue Service - Internal revenue law - 1906 - 294 pages
...deducted not to exceed the average paid out for such expenses during five preceding years. Expenses for permanent improvements or betterments made to increase the value of any property or estate can not be deducted. If a farmer buys stock in 1862 for $500 and sells the same for $1,000 in 1864,...
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To Provide Revenue for War Purposes: Hearings... on H.R. 12863...

United States. Congress. Senate. Committee on Finance - 1918
...would probably accomplish what I have to present. But I will add that in section 215, clause (b), " any amount paid out for new buildings or for permanent...made to increase the value of any property or estate " is an item not deductible. So far as fhe bill itself is concerned, one clause practically contradicts...
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To Provide Revenue for War Purposes: Hearings Before the Committee on ...

United States. Congress. Senate. Committee on Finance - Taxation - 1918 - 656 pages
...would probably accomplish what I have topresent. But I will add that in section 215, clause (b), " any amount paid out for new buildings or for permanent...made to increase the value of any property or estate" is an item not deductible. So far as the bill itself is concerned, one clause practically contradicts...
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Income Tax Law: Analysis and Comment

Harris, Forbes & co., New York - Income tax - 1919 - 153 pages
...income, no deductions in income any case shall be allowed for: Personal, living or family expenses. Any amount paid out for new buildings or for permanent...made to increase the value of any property or estate. Any amount expended in restoring property or making good the exhaustion thereof for which an allowance...
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Federal Taxes: Complete Digest of the Revenue Law, Fixing the Rates for 1918 ...

Ewell D. Moore - Taxation - 1919 - 32 pages
...a source in the US ITEMS WHICH CANNOT BE DEDUCTED: (Sec. 215). Personal, living or family expenses; Any amount paid out for new buildings or for permanent...made to increase the value of any property or estate; Any amount expended in restoring property or in making good its exhaustion for which an allowance is...
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