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" ... not to engage in a regular business of a kind ordinarily carried on for profit. 1t is an organization of the same general class as a chamber of commerce or board of trade. Thus, its activities should be directed to the improvement of business conditions... "
Cases Decided in the United States Court of Claims ... with Report of ... - 785. lappuse
autors: United States. Court of Claims, Audrey Bernhardt - 1956
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Prentice-Hall Tax Service for 1919 (Classic Reprint)

Prentice-Hall Inc, Prentice-Hall, inc - 1919 - 640 lapas
...not receive any dividend or other return upon their shares. , fl756. Art. 518. Business leagues. — A business league is an association of persons having some common business interest, which limits its activities to work for such common interest and does not engage in a regular business...
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Federal Income Tax, War-profits and Excess-profits Taxes: Including Stamp ...

George Edwin Holmes - 1919 - 1052 lapas
...the net income of which inures to the benefit of any private stockholder or individual are exempt. A business league is an association of persons having some common business interest, which limits its activities to work for such common interest and does not engage in a regular business...
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Regulations 45 Relating to the Income Tax and War Profits and Excess Profits ...

United States. Bureau of Internal Revenue - 1920 - 346 lapas
...shareholders shall not receive any dividend or other return upon their shares. ART. 518. Business leagues. — A business league is an association of persons having some common business interest, which limits its activities to work for such common interest and does not engage in a regular business...
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Regulations 45 (1920 Ed.) Relating to the Income Tax and War Profits and ...

United States. Internal Revenue Service - 1921 - 348 lapas
...shareholders shall not receive any dividend or other return upon their shares. ART. 518. Business leagues. — A business league is an association of persons having some common business interest, which limits its activities to work for such common interest and does not engage in a regular business...
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Regulations 65 Relating to the Income Tax Under the Revenue Act of 1924

United States. Internal Revenue Service - 1924 - 396 lapas
...shareholders shall not receive any dividend or other return upon their shares. ART. 518. Business leagues. — A business league is an association of persons having some common business interest, which limits its activities to work for such common interest and does not engage in a regular business...
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Cases on Federal Taxation, 1. sējums

Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 lapas
...ordered. Regulations 65. ART. 518. Business leagues, chambers of commerce, and boards of trade. — A business league is an association of persons having some common business interest, which limits its activities to work for such common interest and does not engage in a regular business...
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Income Tax Procedure ...

Robert Hiester Montgomery - 1925 - 1928 lapas
...common business interest, which limits its activities to work for >ach common interest and does not engage in a regular business of a kind ordinarily carried on for profit. Its work need not be similar to that of a chamber of commerce or board of trade. If it engages in a...
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Income Tax Procedure

Robert Hiester Montgomery - 1920 - 1320 lapas
...net earnings of which inures to the benefit of any private stockholder or individual ; REGULATION. A business league is an association of persons having some common business interest, which limits its activities to work for such common interest and does not engage in a regular business...
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Income Tax Procedure

Robert Hiester Montgomery - 1923 - 1760 lapas
...work need not be similar to that of a chamber of commerce or board of trade. The fact that it engages in a regular business of a kind ordinarily carried on for profit but on a cooperative basis or so as to produce only sufficient income to be self-sustaining, is not...
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Regulations 74 Relating to the Income Tax Under the Revenue Act of 1928

United States. Internal Revenue Service - 1931 - 502 lapas
...from the performance of particular services for individual persons. An organization whose purpose is to engage in a regular business of a kind ordinarily carried on for profit, even though the business is conducted on a cooperative basis or produces only sufficient income to...
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