Cases Decided in the United States Court of Claims ... with Report of Decisions of the Supreme Court in Court of Claims Cases, Volume 143

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Page 854 - In the ordinary course of his trade or business. * • • (2) General rule. If, during the taxable year, the recognized gains upon sales or exchanges of property used In the trade or business, plus the recognized gains from the compulsory or involuntary conversion (as a result of destruction In whole or in part, theft or seizure, or an exercise of the power of requisition or condemnation or the threat or Imminence thereof...
Page 41 - All the ordinary and necessary expenses paid or Incurred during the taxable year In carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal services actually rendered; traveling expenses (Including the entire amount expended for meals and lodging) while away from home In the pursuit of a trade or business...
Page 282 - capital assets' means property held by the taxpayer (whether or not connected with his trade or business), but does not include stock in trade of the taxpayer or other property of a kind which would properly be included in the inventory of the taxpayer if on hand at the close of the taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business...
Page 756 - Disputes. — Except as otherwise specifically provided in this contract, all disputes concerning questions of fact arising under this contract shall be decided by the contracting officer subject to written appeal by the contractor within 30 days to the head of the department concerned or his duly authorized representative, whose decision shall be final and conclusive upon the parties thereto. In the meantime the contractor shall diligently proceed with the work as directed.
Page 570 - ... giving and granting unto my said attorney full power and authority to do and perform all and every act and thing whatsoever requisite and necessary to be done in and about the premises, as fully, to all intents and purposes, as I might or could do if personally present...
Page 335 - GENERAL RULE. — In computing net income no deduction shall in any case be allowed in respect of — (1) Personal, living, or family expenses...
Page 336 - Any person required under this chapter to collect, account for, and pay over any tax Imposed by this chapter, who willfully fails to collect or truthfully account for and pay over such tax, and any person who willfully attempts In any manner to evade or defeat...
Page 33 - There shall be allowed as a depreciation deduction a reasonable allowance for the exhaustion, wear and tear (including a reasonable allowance for obsolescence) — (1) of property used in the trade or business, or (2) of property held for the production of income.
Page 381 - ... if and only if — (1) Such interest is bequeathed or devised to such person by the decedent; (2) Such interest is inherited by such person from the decedent...
Page xix - Custodian, jurisdiction is hereby conferred upon the United States Court of Claims to hear, determine, and render judgment upon the...

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