 | United States. Court of Claims, Audrey Bernhardt - 1958 - 1044 pagini
...court said, at page 207, with regard to the statutory language "gain derived from capital" : * * * Here we have the essential matter: not a gain accruing to capital, not a growth or increment of 509 Opinion of the Court value in the investment ; but a gain, a profit, something of exchangable value... | |
 | 1923 - 1092 pagini
...language of the Phellis Case) as "a gain derived from capital, not a gain accruing to capital, nor a growth or increment of value in the investment,...value, proceeding from the property, severed from capital, however invested, and coming in; that is, received or drawn by the claimant for his separate... | |
 | Edward Sherwood Mead - 1920 - 504 pagini
...misconceived. 'Derived — from — capital'; — 'the gain — derived — from — capital,' etc. Here we have the essential matter: not a gain accruing...or employed, and coming in, being 'derived,' that ia, received or drawn by the recipient (the taxpayer) for his separate use, benefit and disposal;—... | |
 | United States. Supreme Court - 1921 - 628 pagini
...or misconceived. "Derived — from — capital"; "the gain — derived — from — capital," etc. Here we have the essential matter: not a gain accruing...exchangeable value, proceeding from the property, »evered from the capital, however Invested or employed, and coming in, being "derived" — that is,... | |
 | United States. Supreme Court - 1921 - 1362 pagini
...misconceived, — "derived — from — capital,-" — "the gain — derived — from — capital" etc. Here we have the essential matter: not a gain accruing...a gain, a profit, something of exchangeable value p'oceeding from the property, severed from the capital, however invested or employed, and coming in,... | |
 | United States. Supreme Court - 1921 - 1006 pagini
...gain — derived — from — capital," etc. Here we have the essential matter: not a gain accruing 1o capital, not a growth or increment of value in the...a gain, a profit, something of exchangeable value p*oceeding from the property, severed from the capital, however invested or employed, and coming in,... | |
 | United States. Bureau of Internal Revenue - 1921 - 778 pagini
...of income states : Here we have the essential matter: Not a gain net-ruing to capital, not a ymtcth or increment of value in the investment, but a gain, a profit, something of exchangeable value prorreditifi from the property, xereretl from- the capital however invested or employed. * * *. Here... | |
 | United States. Bureau of Internal Revenue - 1921 - 772 pagini
...we have the essential matter: Not a gain net-ruing to capital, not a yrowth or increment of value iw the investment, but a gain, a profit, something of exchangeable value proceeding from the property, nerered from the capital however invested or employed. * * *. Here profit is made synonymous with income,... | |
 | Thomas Sewall Adams - 1921 - 452 pagini
...relying on the foregoing decisions when determining income tax liability. As quoted above, income is "not a growth or increment of value in the investment; but a gain . . . severed from . . . and coming in ... that is income derived from property . . . more important... | |
 | United States. Supreme Court - 1922 - 804 pagini
...Eisner v. Macomber, 252 US 189, 207), a gain derived from capital, not a gain accruing to capital, nor a growth or increment of value in the investment,...property, severed from the capital however invested, and coming in, that is, received or drawn by the claimant for his separate use, benefit and disposal.... | |
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Here we have the essential matter: not a gain accruing to capital, not a growth or increment of value in the investment; but a gain, a profit, something of exchangeable value proceeding from the property, severed from the capital however invested or employed,... 
