...reasonable allowance- for salaries or other compensation for personal services actually rendered, and including rentals or other payments required to be...condition to the continued use or possession of property Opinion of the Court to which the corporation has not taken or is not taking title, or in which it...

...of its income received within the year from all sources — "First. All the ordinary and necessary expenses paid within the year in the maintenance and operation of its business and properties, * * *." On January 11, 1890, plaintiff incorporated in its by-laws the following provision: " Par....

...deductions from gross income the expenses of said advertising campaign, as " ordinary and necessary expenses paid within the year in the maintenance and operation of its business and property," under the Amount paid Amount due Deficiency 19U... $1,193.8$ $1, 480. 92 $287.07 1915 1,261.09...

...the policy and unless the policy shall be in force at such time. The policy provided that, upon the the year in the maintenance and operation of its business...condition to the continued use or possession of property; (second) all losses actually sustained within the year and not compensated by insurance or otherwise,...

..."all the ordinary and necessary expenses paid within the year in the maintenance and operation of it* business and properties, including rentals or other...condition to the continued use or possession of property t» which the corporation has not taken or is not taking title," money expended within the year by...

...Digests & Indexe* (169 F.) all sources, (first) all the ordinary and necessary expenses paid witMn the year In the maintenance and operation of its business and properties, Including rentals, etc., "(second) all losses actually sustained, within the year and not compensated by insurance or...

[ Atvainojiet, šīs lappuses saturs ir ierobežots. ]

...Sub-division G of the Act provides that a corporation may deduct "(first) all the ordinary and necessary expenses paid within the year in the maintenance and...condition to the continued use or possession of property." Under this provision and if it were not otherwise limited, all interest on -every kind of 'indebtedness...

...gross amount shall deduct the following items: 1. All the ordinary and necessary expenses actually paid within the year in the maintenance and operation of its business and properties, including all charges such as rental or franchise payments, required to be made as a condition to the continued...

...officers and employees actually employed in the production of the income ; b. Other ordinary and necessary expenses paid within the year in the maintenance and operation of its business and property, including reasonable depreciation of the property from which the income is derived. All bonds...