...pursuit of a trade or business ; and rentals or other payments required to be made as a condition to tbe continued use or possession, for purposes of the trade or business, of property to which tbe taxpayer has not taken or Is not taking title or In which he has no equity. CVL CORPORATION, PETITIONER,...

...In General. — All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal services actually rendered ; traveling expenses ( including the J entire'...

...In General. — All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal services actually rendered; traveling expenses (including the entire amount...

...as a deduction all the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal services actually rendered. Section 264 (a) (1) of the Code, however, specifically...

...the deduction of all the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal services actually rendered. This section should be amended by striking out...

...any trade or business, including « • • (3) rentals or other payments required to be made as a condition to the continued use or possession, for purposes of the trade or business, «f property to which the taxpayer has not taken or is not taking title or in which be has no equity....

...gross income — All the ordinary and necessary expenses paid or Incurred during the taxable year In carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal services actually rendered ; traveling expenses (including the entire amount...

...the deduction of all the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal services actually rendered. This section should be amended by striking out...

...any trade or business, Including • • • rentalM^ -*' or other payments required to be made as a condition to the continued use or possession,^. *=*<...business, of property to which the taxpayer has not liiliin* * ' or IB not taking title or In which he has no equity. • •••••• (2) NON-TRADE...

...home In the pursuit of a trade or business ; and rentals or other payment* required to be made a* a condition to the continued use or possession, for purposes of the trade or business, ef property to which the taxpayer ha* not taken or 1* not taking title or In which he has no equity....