...Under Income Tax Act Sept. 8, 1916, f 12a (Comp. St { 63361), authorizing deduction by a corporation of "all the ordinary and necessary expenses paid within the year in the maintenance and operation of it* business and properties, including rentals or other payments required to be made as a condition...

...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 maintenance and operation of its business and properties, including rentals or other payments required to be made as a condition to the continued...

...Sub-division (b) of Grand Sub-division G of the Act provides that a corporation may deduct "(first) all the ordinary and necessary expenses paid within...the maintenance and operation of its business and properties, including rentals or other payments required to be made as a condition to the continued...

...services of all officers and employees actually employed in the production of the income ; b. Other ordinary and necessary expenses paid within the year...maintenance and operation of its business and property, including reasonable depreciation of the property from which the income is derived. All bonds issued...

...sen-ices of all officers and employees actually employed in the production of the income ; b. Other ordinary and necessary expenses paid within the year...maintenance and operation of its business and property, including reasonable depreciation of the property from which the income is derived. All bonds issued...

...gross amount shall deduct the following items: 1. All the ordinary and necessary expenses actually paid within the year in the maintenance and operation of its business and properties, including all charges such as rental or franchise payments, required to be made as a condition...

...joint-stock company or association, or insurance company, received within the year from all sources, (first) all the ordinary and necessary expenses paid within...the maintenance and operation of its business and properties, including rentals or other payments required to be made as a condition to the continued...

...jointstock company or association, or insurance company, received within the year from all sources, (first) all the ordinary and necessary expenses paid within...the maintenance and operation of its business and properties, including rentals or other payments required to be made as a condition to the continued...

...joint-stock company or association, or insurance company, received within the year from all sources, (first) all the ordinary and necessary expenses paid within...the maintenance and operation of its business and properties, including rentals or other payments required to be made as a condition to the continued...

...joint-stock company or association, or insurance company, received within the year from all sources, (first) all the ordinary and necessary expenses paid within...the maintenance and operation of its business and properties, including rentals or other payments required to be made as a condition to the continued...