 | United States. Court of Claims - Law reports, digests, etc - 1945 - 952 pages
...interpretation put upon 115 Dissenting Opinion by Judge Whitaker section 23 (1) of the statute authorizing the deduction of "a reasonable allowance for the exhaustion, wear and tear of property used in the trade or business, including a reasonable allowance for obsolescence." (Italics ours.) The Commissioner... | |
 | Law reports, digests, etc - 1925 - 1112 pages
...corporation subject to income tax imposed by section 230 (Сотр. St. Ann. Supp. 1919, § 6336%nn) of "a reasonable allowance for the exhaustion, wear and tear of property used in the trade or business, including a reasonable allowance for obsolescence," depreciation in value of... | |
 | New York (State). Public Service Commission - Public utilities - 1923 - 402 pages
...the benefit of past consumers. (Cf. Knoxville v. KnoxviUe Water Co., 212 US 1.) expenses," but also of " a reasonable allowance for the exhaustion, wear and tear of property used in the trade or business, including a reasonable allowance for obsolescence ". Treasury regulations provide... | |
 | Henry Clifford Spurr, Ellsworth Nichols - Law reports, digests, etc - 1922 - 1016 pages
...tax legislation also accepts this idea in providing only of so-called "ordinary expenses," but also of "a reasonable allowance for the exhaustion, wear and tear of property used in the trade or business, including a reasonable allowance for obsolescence." Treasury regulations provide... | |
 | Public utilities - 1922 - 1010 pages
...tax legislation also accepts this idea in providing only of so-called "ordinary expenses," but also of "a reasonable allowance for the exhaustion, wear and tear of property used in the trade or business, including a reasonable allowance for obsolescence." Treasury regulations provide... | |
 | New York (State) - Administrative courts - 1923 - 812 pages
...determination of taxable income by the deduction, not only of so called " ordinary expenses," but also of " a reasonable allowance for the exhaustion, wear and tear of property used in the trade or business, including a reasonable allowance for obsolescence." Treasury regulations provide... | |
 | New York (State). Legislature - New York (State) - 1923 - 738 pages
...determination of taxable income by the deduction, not only of so called " ordinary expenses," but also of " a reasonable allowance for the exhaustion, wear and tear of property used in the trade or business, including a reasonable allowance for obsolescence ". Treasury regulations provide... | |
 | Taxation - 1927 - 1150 pages
...however, under Revenue Act 1918, 5 234 (a) (7), being Comp. St. Ann. Supp. 1919, § 6336%PP, providing for deduction of "a reasonable allowance for the exhaustion, wear and tear of property used in the trade or business, including a reasonable allowance for obsolescence." 8. Internal revenue c-^7... | |
 | Law reports, digests, etc - 1925 - 1112 pages
...corporation subject to income tax imposed by section 230 (Сотр. St. Ann. Supp. 1919, § 6336%nn) of "a reasonable allowance for the exhaustion, wear and tear of property used in the trade or business, including a reasonable allowance for obsolescence," depreciation in value of... | |
 | United States. Board of Tax Appeals - Taxation - 1926 - 1616 pages
...no provisions recognizing losses resulting from obsolescence. The Revenue Act of 1918 provides for the deduction of " a reasonable allowance for the exhaustion, wear and tear of property used in trade or business, including a reasonable allowance for obsolescence." For the fiscal year ended June... | |
| |
Stat. 1057, 1066, 1067, which granted deduction of "a reasonable allowance for the exhaustion, wear and tear of property used in the trade or business, including a reasonable allowance for obsolescence. 
