...individual. Second. Such net income shall be ascertained by deducting from пе^п£0™е!паи°п °' the gross amount of the income of such corporation, joint stock company or association, or insurance companv, received within the vear Deductions. f_ J 11 if- ,-, i, ,-, ,f - ''• j ' Operating expenses,...

...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...

...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...

...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...

...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...

...government of any foreign country as a condition to carrying on business therein; (eighth) the net income of such corporation, joint stock company or association, or insurance company after making the deductions in this section authorized. All such returns shall as received be transmitted...

...of the net Income of which inures to the benefit of any private stockholder or Individual. Second. Such net Income shall be ascertained by deducting...within the year from all sources, (first) all the Fixing ordinary and necessary expenses actually paid within the year out of Net Income In the maintenance...

...upon their net income, and the act defines the term "net income," in Section 38, paragraph second: "Such net income shall be ascertained by deducting...such* corporation, joint stock company or association, first, all the ordinary and necessary expenses actually paid within the year out of income, in the...

...upon their net income, and the act defines the term "net income," in Section 38, paragraph second: "Such net income shall be ascertained by deducting...such corporation, joint stock company or association, first, all the ordinary and necessary expenses actually paid within the year out of income, in the...

...controvert in every detail the language of the Act. The law as finally enacted specifically provides that "net income shall be ascertained by deducting from the gross amount of the income . . . received within the year . . . (first) all the ordinary and necessary expenses actually paid...