Reports of the U.S. Board of Tax Appeals, Volume 4U.S. Government Printing Office, 1927 - Taxation |
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Results 1-5 of 79
Page 93
... facilities , finance customers , and maintain large in- ventories , and derives its entire income from trading as a prin- cipal , personal service classification will be denied . 3. A corporation issued stock to an individual at par ...
... facilities , finance customers , and maintain large in- ventories , and derives its entire income from trading as a prin- cipal , personal service classification will be denied . 3. A corporation issued stock to an individual at par ...
Page 104
... facilities for warehousing , blending , grading , polishing and packing tea and coffee . The principal competitor shipped his teas to the Central Warehouse for packing , cutting and polishing . The decedent was over 80 years of age at ...
... facilities for warehousing , blending , grading , polishing and packing tea and coffee . The principal competitor shipped his teas to the Central Warehouse for packing , cutting and polishing . The decedent was over 80 years of age at ...
Page 156
... facilities , with adequate service at just and reasonable rates . It was under no obligation to extend its service into territory which it had not entered and as to which it had assumed no franchise obligations . Service could not be ...
... facilities , with adequate service at just and reasonable rates . It was under no obligation to extend its service into territory which it had not entered and as to which it had assumed no franchise obligations . Service could not be ...
Page 158
... facilities to supply rural electric service provides as follows : The term " Rural Customer " as herein used refers to the consumer of electrical energy who is located outside of the corporate limits of any city or village or beyond the ...
... facilities to supply rural electric service provides as follows : The term " Rural Customer " as herein used refers to the consumer of electrical energy who is located outside of the corporate limits of any city or village or beyond the ...
Page 164
... facilities had been already constructed and available they would have paid a price embodied in the rate , and this would unquestion- ably have been within the company's gross income . Since the facil- ities were not available the ...
... facilities had been already constructed and available they would have paid a price embodied in the rate , and this would unquestion- ably have been within the company's gross income . Since the facil- ities were not available the ...
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Common terms and phrases
acquired agreement allowed amortization amount appeal April April 30 assets basis Board Bowman Hotel building calendar capital stock cash cent charged claim Coal Commissioner computed consolidated contract cost court December 31 Decided July deduction from gross deficiency in income depreciation determined disallowed dividends Docket entered on 15 entitled evidence expenses filed FINDINGS OF FACT fiscal year ended Fleet Corporation follows gross income held included income and profits income tax income-tax return interest inventory invested capital issued January July 31 lease liability LITTLETON loss March net income operation opinion Order of redetermination paid par value parties partnership payment period petitioner petitioner's preferred stock prior profits taxes purchase question Railroad received reinsurance Remington Typewriter Company Revenue Act Rule 50 salary September 15 Shandaken Tunnel shares of stock sold Standifer Corporation statute stockholders taxable taxpayer thereof tion Trust Company United wife
Popular passages
Page 153 - taxable year" means the calendar year, or the fiscal year ending during such calendar year, upon the basis of which the net income is computed under section 212 or 232. The term "fiscal year" means an accounting period of twelve months ending on the last day of any month other than December. The term "taxable year...
Page 161 - Income may be defined as the gain derived from capital, from labor, or from both combined,' provided it be understood to include profit gained through a sale or conversion of capital assets.
Page 318 - The net income shall be computed upon the basis of the taxpayer's annual accounting period (fiscal year or calendar year, as the case may be) in accordance with the method of accounting regularly employed in keeping the books of such taxpayer; but if no such method of accounting has been so employed, or if the method employed does not clearly reflect the income...
Page 499 - SEC. 2. (a) That, subject only to such exemptions and deductions as are hereinafter allowed, the net income of a taxable person shall include gains, profits, and income derived from salaries, wages, or compensation for personal service of whatever kind and in whatever form paid...
Page 645 - A corporation is an artificial being, invisible, intangible, and existing only in contemplation of law. Being the mere creature of law. it possesses only those properties which the charter of its creation confers upon it, either expressly, or as incidental to its very existence.
Page 645 - It is very true that a corporation can have no legal existence out of the boundaries of the sovereignty by which it is created. It exists only in contemplation of law, and by force of the law ; and where that law ceases to operate, and is no longer obligatory, the corporation can have no existVOL.
Page 112 - Before we conclude, it may be proper to observe,that whenever a greater estate and a less coincide and meet in one and the same person, without any intermediate estate, the less is immediately annihilated, or, in the law phrase, is said to be merged, that is, sunk or drowned in the greater.
Page 74 - paid or incurred" and "paid or accrued" shall be construed according to the method of accounting upon the basis of which the net income is computed under section 212 or 232. The deductions and credits provided for in this title shall be taken for the taxable year in which "paid or accrued
Page 662 - The husband has the management and control of the community personal property, with like absolute power of disposition, other than testamentary, as he has of his separate estate...
Page 499 - ... 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 source whatever.