...shall be returned for taxation." The second is not in substance different, the important clause being: "There shall be included in computing the net income...distributed or not, of the net income of the partnership." 288 MITCHEL v. BOWERS IB F.(2d) 287 289 As a subpartner the wife through the agreement got no present...

...also at the time of the creation of the trust a nonresident of the District. PARTNERSHIPS SEC. %5. (a) PARTNERS ONLY TAXABLE. — Individuals carrying...share, whether distributed or not, of the net income oj the partnership for the taxable year; or if his net income for such taxable year^ is computed upon...

...beneficiary his distributive share whether distributed or not, of the net income of the estate or trust for the taxable year, or, if his net income for such...that upon the basis of which the net income of the estate or trust is computed, then his distributive share of the net income of the estate or trust for...

...beneficiary his distributive share, whether distributed or not, of the net income of the estate or trust for the taxable year, or, if his net income for such...that upon the basis of which the net income of the estate or trust is comnuted then his distributive share of the net income ol the estate or trust lor...

...carrying on business in partnership shall be liable for income tax only in their individual capacity. There shall be included in computing the net income...net income of the partnership for the taxable year. Let us take up the question of plaintiff's distributive share of the net income of the partnership...

...them as individuals along with their other income at the rate and in the manner herein provided jor the taxation of income received by individuals. There...his distributive share, whether distributed or not, oj the net income oj the partnership jor the taxable year; or if his net income for such taxable year...

...analogous situation. Section 218a, regarding the taxation of the members of partnerships, rules as follows: "There shall be included in computing the net income...partner his distributive share, whether distributed or not,1 of the net income of the partnership for the taxable year." Thus the Income Tax Law clearly proceeds...

...Tax of partners — (a) General rule.— There shall be included in computing the net income of eiich partner his distributive share, whether distributed...the net income of the partnership for the taxable yeur. If the taxable year of a partner is different from that of the partnership, the amount so included...