...deductible under section 23 (a) (2), must be ordinary and necessary, which rule presupposes that they must be reasonable in amount and must bear a reasonable...proximate relation to the production or collection of income, or to the management, conservation, or maintenance of property held for that purpose. 118 Opinion...

...deductible under section 23 (a) (2), must be "ordinary and necessary," which presupposes that they must be reasonable in amount and must bear a reasonable...collection of taxable income or to the management, con428 Opinion of the Court servation, or maintenance of property held for the production of income....

...requirement of § 23 (a) (2) that deductible expenses be "ordinary and necessary" implies that they must be reasonable in amount and must bear a reasonable and proximate relation to the management of property held for the production of income. See H. Rep. No. 2333, 77th Cong., 2d Sess.,...

...deductible under section 23 (a) (2), must be "ordinary and necessary." which presupposes that they must be reasonable In amount and must bear a reasonable...management, conservation, or maintenance of property held for the production of Income. because it was not paid for the production or collection of income...

...thereunder. (d) Expenses, to be deductible under section 212, must be "ordinary and necessary". Thus, such expenses must be reasonable in amount and must...management, conservation, or maintenance of property held for the production of income. (e) A deduction under section 212 is subject to the restrictions...

...taxpayer. (d) Expenses, to be deductible under section 212, must be "ordinary and necessary". Thus, such expenses must be reasonable in amount and must...management, conservation, or maintenance of property held for the production of income. (e) A deduction under section 212 is subject to the restrictions...

...thereunder. (d) Expenses, to be deductible under section 212, must be "ordinary and necessary". Thus, such expenses must be reasonable in amount and must...management, conservation, or maintenance of property held for the production of income. (e) A deduction under section 212 is subject to the restrictions...

...thereunder. (d) Expenses, to be deductible under section 212, must be "ordinary and necessary". Thus, such expenses must be reasonable in amount and must...management, conservation, or maintenance of property held for the production of income. (e) A deduction under section 212 is subject to the restrictions...

...deductible under section 23 (a) (2) , must be "ordinary and necesary," which presupposes that they must be reasonable in amount and must bear a reasonable...management, conservation, or maintenance of property held for the production of income. (d) Except for the requirement of being Incurred in connection with...

...deductible under section 212, must be "ordinary and necessary". Thus, such expenses must be §1.212-1 reasonable in amount and must bear a reasonable and...management, conservation, or maintenance of property held for the production of income. (e) A deduction under section 212 is subject to the restrictions...