 | United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1962 - 964 pages
...USC 1952 ed., Sec. 23. Internal Revenue Code of 1954, Sec. 163. Interest. "(a) General Rule. There shall be allowed as a deduction all interest paid...accrued within the taxable year on indebtedness." 26 USC 1952 ed., Sup. II, Sec. 163. The plaintiff corporation was organized on October 19, 1946, to... | |
 | United States. Board of Tax Appeals - Taxation - 1936 - 1468 pages
...Helvering, 292 US 435; Helvering v. Inter-Mountain Life Insurance Co., 294 US 686. The statute allows as a deduction "All interest paid or accrued within the taxable year on indebtedness." Sec. 23 (b), Revenue Act of 1928. The interest sought to be offset against interest received in 1931,... | |
 | Administrative law - 1971 - 1474 pages
...Jan. 18, 1969] § 1.163 Statutory provisions; interest. SEC. 163. Interest — (a) General rule. There shall be allowed as a deduction all Interest paid...or accrued within the taxable year on Indebtedness. (b) Installment purchases where interest charge is not separately stated — (1) General rule. If personal... | |
 | Administrative law - 1978 - 838 pages
...Nov. 10, 1972] § 1.163 Statutory provisions; interest. SEC. 163. Interest— (a) General rule. There shall be allowed as a deduction all interest paid...or accrued within the taxable year on indebtedness. (b) Installment purchases where interest charge is not separately stated— ID General rule. If personal... | |
 | Administrative law - 1967 - 676 pages
...Apr. 20, 1965] § 1.163 Statutory provisions; interest. SEC. 163. Interest — (a) General rule. There shall be allowed as a deduction all interest paid...or accrued within the taxable year on indebtedness. (b) Installment purchases where interest charge is not separately stated — (1) General rule. II personal... | |
 | Administrative law - 1969 - 710 pages
...Apr. 20, 1965] § 1.163 Statutory provisions; interest. SEC. 163. Interest — (a) General rule. There shall be allowed as a deduction all Interest paid...or accrued within the taxable year on Indebtedness. (b) Installment purchases where interest charge is not separately stated — (1) General rule. If personal... | |
 | Administrative law - 1970 - 750 pages
...Jan. 18, 1969] § 1.163 Statutory provision*; interest. Sic. 163. Interest—(a) General rule. There shall be allowed as a deduction all interest paid...or accrued within the taxable year on indebtedness. (b) Installment purchases where interest charge is not separately stated—(1) General rule. If personal... | |
 | Administrative law - 1960 - 1764 pages
...deductions for individuals and corporations; interest. SK. 163. Interest — (a) General rule. There shall be allowed as a deduction all interest paid or accrued within the taxable Tear on Indebtedness. (b) Installment purchases where interest charge is not separately stated —... | |
 | United States. Internal Revenue Service - Tax administration and procedure - 1967 - 1510 pages
...interest permitted to be imposed upon Veterans Administration insured loans. Section 163 (a) of the Code provides that there shall be allowed as a deduction...or accrued within the taxable year on indebtedness. Interest has been denned as the amount which one has contracted to pay for the use of borrowed money.... | |
 | United States. Internal Revenue Service - Tax administration and procedure - 1968 - 938 pages
...to the bank in 1966 and 1967 of the face amount of the note (50a? dollars). Section 163 of the Code provides that there shall be allowed as a deduction...or accrued within the taxable year on indebtedness. In order for an "indebtedness'* to exist, there must be an enforceable obligation to pay. Accordingly,... | |
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There shall be allowed as a deduction all interest paid or accrued within the taxable year on indebtedness. 
