American Federal Tax Reports, Volume 1Prentice-Hall, 1924 |
From inside the book
Results 1-5 of 100
Page 5
... loss in 1869 was properly chargeable to expenses and losses incurred in operating the road during the period named , and should be deducted from the amount of apparent profits shown by their current reports , thus reducing the sum to ...
... loss in 1869 was properly chargeable to expenses and losses incurred in operating the road during the period named , and should be deducted from the amount of apparent profits shown by their current reports , thus reducing the sum to ...
Page 6
... losses from whatever sources con- nected with the business . 2. RETURNS OF PROFITS - DEDUCTION OF LOSSES BY EMBEZZLEMENT . Where , for the years 1866 , 1867 , and 1868 , the defendant , in making its returns , deducted the amounts paid ...
... losses from whatever sources con- nected with the business . 2. RETURNS OF PROFITS - DEDUCTION OF LOSSES BY EMBEZZLEMENT . Where , for the years 1866 , 1867 , and 1868 , the defendant , in making its returns , deducted the amounts paid ...
Page 7
... losses by embezzlement during the years 1866 , 1867 , and 1868 , which had been previously concealed and unknown to it ; that the amount of such losses during 1866 was at least equal to the amount of the state tax which had been ...
... losses by embezzlement during the years 1866 , 1867 , and 1868 , which had been previously concealed and unknown to it ; that the amount of such losses during 1866 was at least equal to the amount of the state tax which had been ...
Page 8
... losses of whatever nature to which it is exposed in the legiti- mate prosecution of its business . By " profits " is meant its net prof- its after all such losses and expenses are deducted . Had its losses by embezzlement been known to ...
... losses of whatever nature to which it is exposed in the legiti- mate prosecution of its business . By " profits " is meant its net prof- its after all such losses and expenses are deducted . Had its losses by embezzlement been known to ...
Page 11
... losses were not discovered until long afterwards . The plaintiff demurs to the second and third de- fenses . I am of ... loss from embezzlements , which were concealed and unknown to the de- fendant at the time it made its returns ...
... losses were not discovered until long afterwards . The plaintiff demurs to the second and third de- fenses . I am of ... loss from embezzlements , which were concealed and unknown to the de- fendant at the time it made its returns ...
Other editions - View all
Common terms and phrases
36 Stat accrued Act Aug action amended amount applied assessed assets association attorney authority bank bonds capital stock Cent centum Circuit Court Circuit Judge claim collected Collector of Internal Commissioner of Internal Connecticut contract Corporation Tax December 31 deduction defendant Digests & Indexes District Court dividends fact franchise funds gross income Gulf Oil Corporation held income tax insurance company interest Internal Revenue joint-stock company judgment June 13 Key-Numbered Digests lease lessee lessor company liability loan McCoach ment mortgage net income operation organized paid pany payment plaintiff in error poration premiums profits Public Service Railway purchase purpose question Railroad Company Railway Company real estate receipts received recover revenue stamp shares statute stockholders suit surplus tax imposed Tax Law taxable taxation thereof tion topic & KEY-NUMBER trust U. S. Atty U. S. Comp United