...no further allowance shall be 1924. war с SUPREME COURT OF THE UNITED STATES. that 'such net [368] 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 use...

...ascertained by deducting from the gross amount of the income of such corporation • • • re_ ceivcd within the year from all sources (first) all the ordinary and necessary expenses paid within the year in the maintenance and operation of its business and properties * * *; (second)...

...the net income of " every insurance company organized in the United States," and (b) directed — " Such net income shall be ascertained by deducting from the gross amount of the income of such . . . insurance company, received within the year from all sources, (first) all the ordinary and necessary...

...year on deposits. * * * " Section 2, subd. 2G (b), of the Income Tax Act of 1913, provides as follows: "Such net income shall be ascertained by deducting from the gross amount of the income of euch corporation, joint-stock company or association, or insurance company, received 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 its business and properties, including rentals...

...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 its business and properties, including rentals...

...Association, or Insurance company, organized, authorized, or existing under the' laws of any foreign country, such net income shall be ascertained by deducting from the gross amount of its income received Within (he 'year from 'all" sources within the United States — First. All the...

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

...indebtedness outstanding at close of year." (Reg. No. 33, 1918, fl 558.) 1913 LAW. Section II G. "(b) 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 "(Third)....

...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...