...to section 404 (a) (3) (B)). For the purpose of this section, current earnings or profits shall be computed as of the close of the taxable year without diminution by reason of any dividends during the taxable year, and accumulated earnings or profits shall be computed as of the...

...profits of the Itaxable year (computed as of the close of ihe taxable year without diminution by eason of any distributions made during the (taxable year), without regard to the amount I of the earnings and profits at the time the I distribution was made. Except as otherwise provided...

...the dividend shall be considered to be out of earnings or profits of "the taxable year (computed ns of the close of the taxable year without diminution...the taxable year), without regard to the amount of earnings or profits at the time the distribution was made." Absent this provision in section 131 (f)...

...the controlled foreign corporation's earnings and profits (or deficit in earnings and profits) for e insurance is plus the sum of its earnings and profits (or deficits in earnings and profits) accumulated for prior...

...ont of Its earnings and profits accumulated after February 28, 1913, or (2) ont of Its earnings and profits of the taxable year (computed as of the close...the taxable year without diminution by reason of any distribution* made during: the taxable year), without regard to the amount of the earnings and profits...

...February 28, 1913, or (2) out of Its earnings and profits of the taxable year (computed as of the close ot the taxable year without diminution by reason of any distributions made during tbi taxable year), without regard to the amount of the earnings and profits at the time tbt distribution...

...during such year X received tax-exempt interest of $500. X's earnings and profits for 1963 (computed at % S m܈ Z * Y/ ԡn is $20,400. The opening balance of X's reserve for losses on qualifying real property loans as of the...

...earnings and profits of such corporation accumulated after February 28, 1913, and the earnings and from :ime to time except those described in subparagraphs (A), (B),and (C) of paragraph (3), made during the taxable...

...earnings, does not provide, as does section 115 (a), that the dividend shall be considered to be out of earnings or profits of "the taxable year (computed...the taxable year), without regard to the amount of earnings or profits at the time the distribution was made." Absent this provision in section 131 (f)...

...distribution made by a corporation to Its shareholders, whether In money or IB other property, (1) oat of Its earnings or profits accumulated after February...profits of the taxable year (computed as of the close of tk» taxable year without diminution by reason of any distributions made during tie taiabJ* year),...