 | United States. Board of Tax Appeals - 1930 - Broj stranica: 1608
...Revenue Act of 1921 provides: That In computing net income there shall be allowed as deductions: ******* (7) Debts ascertained to be worthless and charged...discretion of the Commissioner, a reasonable addition to » reserve for bad debts) ; and when satisfied that a debt is recoverable only in part, the Commissioner... | |
 | United States. Board of Tax Appeals - 1930 - Broj stranica: 1460
...taxable year (or in the discretion of the Commissioner, a reasonable addition to a reserve for bail debts) ; and when satisfied that a debt is recoverable...the Commissioner may allow such debt to be charged oft in part. It was the intention of Congress in the adoption of this provision to permit a taxpayer... | |
 | United States. Board of Tax Appeals - 1930 - Broj stranica: 1618
...deductions: ****** • (7) Debts ascertained to be worthless and charged off within the taxable rear (or, in the discretion of the Commissioner, a reasonable...addition to a reserve for bad debts) ; and when satisfied thnt a debt Is recoverable only in part, the Commissioner may allow such debt to be chtirged off in... | |
 | United States. Internal Revenue Service - 1931 - Broj stranica: 502
...FROM GROSS INCOME.] [In computing net income there shall be allowed as deductions:] (j) Bad debts. — Debts ascertained to be worthless and charged off...discretion of the Commissioner, a reasonable addition t<» a reserve for bad debts) ; and when satisfied that a debt is rei-overable only in part, the Commissioner... | |
 | United States. Board of Tax Appeals - 1931 - Broj stranica: 1490
...years $3 579 000 11,440,000 7,781 000 $122,291 108,929 183 605 3.84 .95 2.36 22,800 000 414 825 1 82 the taxable year, or in the discretion of the Commissioner, a reasonable addition to a reserve for bad debts. The Commissioner, in the exercise of his discretion, provided in Regulations 62, promulgated... | |
 | United States. Bureau of Internal Revenue - 1933 - Broj stranica: 452
...[In computing net Income there shall be allowed as deductions:] (j) Bad debts.—Debts ascertained to be worthless and charged off within the taxable year...only in part, the Commissioner may allow such debt, in an amount not in excess of the part charged off within the taxable year, as a deduction. ART. 191.... | |
 | United States. Court of Claims - 1935 - Broj stranica: 858
...in any transaction entered into for profit, though not connected with the trade or business; * * * "(7) Debts ascertained to be worthless and charged...Commissioner may allow such debt to be charged off in part; * * *" The defendant concedes that the amount in question was charged off plaintiffs' books in the... | |
 | United States. Bureau of Internal Revenue, United States. Internal Revenue Service - 1935 - Broj stranica: 502
...capital assets shall be allowed only to the extent provided in section 117 (d). (k) Bad debts. — Debts ascertained to be worthless and charged off...only in part, the Commissioner may allow such debt, in an amount not in excess of the part charged off within the taxable year, as a deduction. ART. 23(k)-1.... | |
 | United States, United States. Congress. House. Committee on Ways and Means - 1936 - Broj stranica: 308
...capital assets shall be allowed only to the extent provided in section 117 (d) . (k) BAD DEBTS. — Debts ascertained to be worthless and charged off...only in part, the Commissioner may allow such debt, in an amount not in excess of the part charged off within the taxable year, as a deduction. (1) DEPRECIATION.... | |
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Debts ascertained to be worthless and charged off within the taxable year (or, in the discretion of the Commissioner, a reasonable addition to a reserve for bad debts) ; and when satisfied that a debt is recoverable only in part, the Commissioner may... 
