...corporation, joint-stock company or association, or insurance company, organized in the United States, such net income shall be ascertained by deducting from the gross amount of its income received within the year from all sources — "First. All the ordinary and necessary expenses...

...second paragraph of section 38 of the act of August 5, 1909, c. 6, 36 Stat. L., 1 12. It is as follows : Second. Such net income shall be ascertained by deducting...the gross amount of the Income of such corporation, joint-stock company or association, or insurance company, received within the year from all sources,...

...company, organized in the United States, no matter how created or organized, not including partnerships. "Such net income shall be ascertained by deducting...the gross amount of the income of such corporation, joint-stock company or association, or insurance company, received within the year from all sources,...

..."received." The statute itself shows the contrary, for subdivision (b) of subsection G provides that the "net income shall be ascertained by deducting from...the gross amount of the income of such corporation * * * received within the year from all sources" certain specified allowances. This comparison shows...

...corporation, joint-stock company or association, or insurance company, organized in the United States, such net income shall be ascertained by deducting from the gross amount of its income received within the year from all sources — Second. All losses actually sustained and...

...joint-stock company or association, or insurance company, organized under the laws of a foreign country, such net income shall be ascertained by deducting from the gross amount of its income received within the year from business transacted and capital invested within the United...

...itself." Section 38 of the Act of 1909, c. 6, 36 Statutes at Large, 112, provides that the taxable net income shall be ascertained by deducting from the gross amount of- income among other things, "interest actually paid within the year on its bonded or other indebtedness,...

...all sources by every corporation, etc., organized in the United States. Section 12 (a)1 provides that such net income shall be ascertained by deducting from the gross amount of the income, among other things, "a reasonable allowance for the exhaustion * * * of property arising out of its...

...per centum upon the entire net income * * * received by it from all sources during such year, * * *. Such net income shall be ascertained by deducting from the gross amount of the income * * * received within the year from all sources * * *. (Fourth)- All sums paid by it within the year...

...United States, such net income shall be ascertained by deducting from the gross amount of its income received within the year from all sources — " First. All the ordinary and necessary expenses paid within the year in the maintenance and operation of it's business and properties, including rentals...