Sale of, surtax rate..

Value, determination of

"Of a purely local character," defined..

"Operating profit," defined__.

"Operating under lodge system," defined..

Orchards, development cost, deduction..

"Organization," defined..

Organization expenses, corporation, deduction_

Overassessments, adjustment of..

Overlapping deductions, when to be taken..

Overpayments of tax, credits against tax adjusted on

account of foreign taxes__

Credits or refunds of (see also Credits or refunds) _

Limitation on allowance and amount_

114

23(m)-16

{

23(m)-2,

23(m)-4

23(m)-4

23(m)-9

23(m)-7

23(m)-12,

23(m)-13

23(m)-19

23(m)-18

23(m)-16

23(m)-1,

23(m)-18

23(m)-12

23(m)-19

23(m)-16

"Overriding royalties," defined..

Ownership certificates, citizens and residents of United

States, exemption from withholding- - -

Ownership certificates-Continued.
Interest, bonds-Continued.

Obligations of United States or possessions__
Obligations of United States instrumentali-
ties...

Joint owners.

Nonresident aliens, nonresident foreign corpora-
tions, and unknown owners..

Returns of information treated as.

143-4

143-4

143-8

143-6

147-4

Receiver...

Taxes of foreign countries or United States posses-

sions, credit to partner_-

"Party to a reorganization," defined...-

Patents, depreciation, deduction.

Gain or loss from sale___.
Loss of useful value. - -.

Patterns, depreciation allowance-

1001-8

187

181-1, 187-1,

187-2

Payment of taxes, cent, fractional part, how treated__

Decedent and estate, time for..

Deficiency...

294, 295

56-2

pars, 40 pp 492, 493

51-2

145

150

23(a)-1

145-1

Failure to file return, effect of tentative return_.
Failure to file information returns_.

51-5

147-8

Personal holding companies-Continued.

Returns...

Examination of..

Surtax on, application__.

Assessment and collection_

Computation--

Determination of

Payment of_

On pro rata shares-

Undistributed adjusted net income, computation
of

Personal injuries, insurance or damages, taxability.
Personal property, gain from sale, sources within and

without United States-.

Installment sales--

Repossession under installment transactions.

Personal residence. See Residence.

Personal service corporation, distributions...
Persons under disability, returns..

115

51

Petitions, review of Board's decisions by courts_
Petitions to Board.

51-2, 51-3
272-1

See Board of Tax Appeals.

"Plan of reorganization," defined.

112(g)-2

Political subdivision, defined...

22(b) (4)-1

Special assessment districts, school, road, reclama-
tion, etc..

22(b)(4)-1

Pool, classification__

Port improvement districts, interest on obligations of
Possessions of United States, citizens of, application
of tax.

Priority of Federal taxes, bankruptcy and receivership-
"Private shareholder or individual," defined _ -

274-1

101-1

Proceedings in court, against taxpayer, effect as to
transferee..

Profits, sales and dealings in property, gross income_
Propaganda, associations disseminating, exemption___
"Property," defined___

Sale or exchange, gain or loss from. See Gain or

loss.

Public utilities, income from, by State, Territory, Dis-
trict of Columbia, or possession of United States. --
Public work, profit from, gross income...

Publicity of returns..

Purchasing association, cooperative, exemption.

116

55

101

275-2
119-12

22(b)(4)-2

23(a)-5, 24-1

25-2

147-1
22(a)-1
101 (6)-1
23(m)-1,
27(c)-1,

119-12

22(a)-6
55(b)-1 to
55(b)-4
101(12)-1

Reclamation districts, taxability of interest on obliga-
tions of...

22(b)(4)-1

Recognition of gain or loss. See Gain or loss.