 | United States. Congress. Senate. Committee on the District of Columbia - 1947 - 1136 էջ
...construed to permit the deduction of a loss of any capital asset as defined in this Act. (5) BAD DEBTS. — Debts ascertained to be worthless and charged off...within the taxable year or, in .the discretion of the Assessor, a reasonable addition to a reserve for bad debts. When satisfied that a debt is recoverable... | |
 | 1954 - 1486 էջ
...which become worthless within the taxable year; or (in the discretion of the Commisstoner) a reasonable addition to a reserve for bad debts; and when satisfied...only in part, the Commissioner may allow such debt. in an amount not in excess of the part charged off within the tax. able year, as a deduction. This... | |
 | United States, Walter Elbert Barton - 1950 - 1126 էջ
...section 118. Seo. 23. (k) Bad debts. Sec. 23. (k) (1) General rule.— Debts which become worthless within the taxable year; or (in the discretion of...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. This paragraph... | |
 | United States. Tax Court - 1953 - 1326 էջ
...GENERAL HLT.F.. — Debts which become worthless within the taxable year ; or (In the discretion of tlie Commissioner) a reasonable addition to a reserve for...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. • •... | |
 | United States. Court of Claims, Audrey Bernhardt - 1957 - 1100 էջ
...allowed as deductions : ***** (k) Bad Debts — (1) General Rule. — Debts which become worthless within the taxable year; or (in the discretion of...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. * * * The... | |
 | United States. Tax Court - 1957 - 1306 էջ
...deductions : • »*••»• (k) BAD DEBTS. — (1) GENERAL BULB. — Debts which become worthless within the taxable year ; or (In the discretion of...recoverable only in part, the Commissioner may allow each debt, in an amount not in excess of the part charged off within the taxable year, as a deduction.... | |
 | United States. Tax Court - 1943 - 1330 էջ
...there shall be allowed as deductions : • *•«••• (k) BAD DEBTS.' — (1) GENERAL RULE. — 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. This paragraph... | |
 | United States. Tax Court - 1956 - 1170 էջ
...deductions : •••*•»• (k) BAD DEBTS. — <1) GENERAL ROLE. — Debts which become worthless within the taxable year; or (In the discretion of...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... | |
 | United States. Tax Court - 1956 - 1226 էջ
...conclusion along a line different from that argued by petitioner, we have concluded with respect to the the discretion of the Commissioner) a reasonable addition...only In part, the Commissioner may allow such debt, In an amount not In excess of the amount charged off within the taxable year, as a deduction. This... | |
 | Jacob Stewart Seidman - 2003 - 972 էջ
...DEDUCTIONS FROM GROSS INCOME.] [(k) Bad Debts.—] (1) General rule. — Debts which become worthless within the taxable year; or (in the discretion of...only in part, the Commissioner may allow such debt, in an amount not in excess of the part which becomes worthless within the taxable year, as a deduction.... | |
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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... 
