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  1. ROCKFORD LIFE INS. CO. v. COMMISSIONER OF INTERNAL REVENUE.

    rents. Section 203(a) (26 USCA § 2203(a), defines net income to be the gross less specified deductions ... allowance for obsolescence.' Subsection (b) (26 USCA § 2203(b), provides no deduction shall be made ... rents received from other tenants shall provide a net income (after deducting taxes, depreciation, and ...

  2. SMITH v. UNITED STATES.

    revoked: 'I authorize the necessary monthly deduction from my pay, or if insufficient, from any ... writing be deducted from any pay due him from the United States or deposit by him with the United States ... and if so to be deducted a premium when due will be treated as paid whether or not such deduction is ...

  3. VIRGINIAN HOTEL CORPORATION OF LYNCHBURG v. HELVERING, Commissioner of Internal Revenue.

    objection was taken by the Commissioner or his agents to the amounts claimed and deducted. In 1938 ... petitioner claimed a deduction for depreciation at the same rates. The Commissioner determined that the ... deductions was subtracted from the cost of the property. The remainder was taken as the new basis for ...

  4. PETROLEUM EXPLORATION, Petitioner, v. David BURNET, Commissioner of Internal Revenue.

    years 1925, 1926, and 1927, claimed a deduction from gross income of a depreciation allowance on account ... of the capitalized costs of drilling the oil wells. The Commissioner refused to allow the deductions ... that the deductions should have been allowed. 23 B.T.A. 890. On petition for review the Court of ...

  5. UNITED STATES v. LUDEY.

    was the gain or the loss depends primarily upon whether deductions for depletion and depreciation are ... Commissioner deducted from the original cost $10,465.16 on account of depreciation of the equipment through ... estimates upon which these deductions were made. The finding of the depletion was in accordance with the ...

  6. Pollock v. Farmers' Loan and Trust Company

    indebtedness; that, from its real estate, the company derived an income of $50,000 per annum, after deducting ...

  7. Pollock v. Farmers' Loan and Trust Company

    indebtedness; that, from its real estate, the company derived an income of $50,000 per annum, after deducting ...

  8. ARIZONA v. UNITED STATES

    Syllabus ARIZONA v. UNITED STATES () 641 F. 3d 339, affirmed in part, reversed in part, and remanded. ...

  9. HELVERING, Commissioner of Internal Revenue, v. WINMILL.

    his 1932 income tax return—deducted from his gross income brokerage commissions paid and ... U.S.C.A. § 23(a), allows as deductions 'All the ordinary and necessary expenses paid or incurred ... stock sales to be deducted only to the extent of gains realized from such sales. 2 If respondent was ...

  10. UNITED § ATES, Petitioner, v. SKELLY OIL COMPANY.

    deduct a fixed percentage of certain receipts to compensate for the depletion of natural resources from ... Commissioner allowed percentage depletion deductions during these years, 27 1/2% of the receipts in question ... to deduct the full $505,536.54. The Commissioner objected and assessed a deficiency. Respondent paid ...

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