 | United States. Court of Claims - 1924 - 792 halaman
...Trust Co. v. jSmietanka, 255 US 509, 518, has defined the meaning of the word " income " as follows : " Income may be defined as the gain derived from capital,...gained through a sale or conversion of capital assets." It can not be said that the proceeds of life insurance policies come within the meaning of the above... | |
 | United States. Court of Claims, Audrey Bernhardt - 1958 - 1044 halaman
...case. But in Eisner v. Macomber the court defined "income" for income tax purposes, as follows : * * * the gain derived from capital, from labor, or from...gained through a sale or conversion of capital assets * * *. We are unwilling to surmise that the court intended by this language, not necessary to its decision,... | |
 | 1925 - 822 halaman
...little to add to the succinct definition adopted in two cases arising under the Corporation Act of 1009. "Income may be defined as the gain derived from capital,...gained through a sale or conversion of capital assets, to which it was applied in the Doyle case Here we have the essential matter: not a gain accruing to... | |
 | Robert Hiester Montgomery - 1927 - 880 halaman
...to restore the capital value that existed at the commencement of the period under consideration.10 Income may be defined as the gain derived from capital,...gained through a sale or conversion of capital assets." One of the best legal definitions of "profit," of general applicability, is found in Morrow v. Missouri... | |
 | United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1920 - 710 halaman
...(Stratton's Independence v. Howbert, 231 US 399, 415; Doyle v. Mitchell Bros. Co., 247 US 179, 185)— "Income may be defined as the gain derived from capital,...gained through a sale or conversion of capital assets, to which it was applied in the Doyle Case (pp. 183, 185). Brief as it is, it indicates the characteristic... | |
 | Edward Sherwood Mead - 1920 - 506 halaman
...as to the nature of a stock dividend, we shall find it easy to decide the matter at issue. . . . ' Income may be defined as the gain derived from capital,...gained through a sale or conversion of capital assets. ' . . . Brief as it is, it indicates the characteristic and distinguishing attribute of income essential... | |
 | United States. Congress. House. Committee on Ways and Means - 1920 - 66 halaman
...(Stratton's Independence v. Howbert, 231 US, 399, 415; Doyle r. Mitchell Bros. Co.. 247 US, 179, 185) — "Income may be defined as the gain derived from capital,...gained through a sale or conversion of capital assets, to which it was applied in the Doyle case (pp. 183, 185). Brief as it is, it indicates the characteristic... | |
 | United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1920 - 708 halaman
...(Stratton's Independence v. Howbert, 231 US 399, 415; Doyle v. Mitchell Bros. Co., 247 US 179, 185)— "Income may be defined as the gain derived from capital,...gained through a sale or conversion of capital assets, to which it was applied in the Doyle Case (pp. 183, 185). Brief as it is, it indicates the characteristic... | |
 | Thomas Sewall Adams - 1921 - 452 halaman
...(Stratton's Independence v. Howbert, 231 US 399, 415; Doyle v. Mitchell Bros. Co., 247 US 179, 185) — "Income may be defined as the gain derived from capital,...gained through a sale or conversion of capital assets to which it was applied in the Doyle case (pp. 183, 185). Brief as it is, it indicates the characteristic... | |
 | United States. Supreme Court - 1921 - 688 halaman
...significant in its application, to such a case as we have here, so that it now reads: '"Income may be denned as the gain derived from capital, from labor, or from...gained through a sale or conversion of capital assets.' Eisner v. Macotober, 252 US 189, 207. The use made of this definition of "income" in the decision of... | |
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Income may be defined as the gain derived from capital, from labor, or from both combined," provided it be understood to include profit gained through a sale or conversion of capital assets to which it was applied in the Doyle case (pp. 
