...determining the gain or loss from the sale or other disposition of property; SEC. 214 (a) (7) : SEC. 234 (a) (5) : Debts ascertained to be worthless and charged off within the taxable year (or, in the discretion of the Commissioner, a reasonable addition to a rein part, the Commissioner...

...subdivision, shall be allowed; (4) Losses sustained during the taxable year and not compensated for by insurance or otherwise; (5) Debts ascertained to...worthless and charged off within the taxable year; (6) Amounts received as dividends from a corporation which is taxable under this title upon its net...

...provided in section 204 for determining the gain or loss from the sale or other disposition of property; (5) Debts ascertained to be worthless and charged off within the taxable year (or in the discretion of the Commissioner, a reasonable addition to a reserve for bad debts) ; and...

...214. (a) [Individuals] That in computing net income there shall be allowed as deductions: .... (7) Debts ascertained to be worthless and charged off within the taxable year; The deduction for corporations [section 234 (a-5)] is exactly the same. Only Bona Fide Debts Deductible...

...Section 214. [Individuals] (a) In computing net income there shall be allowed as deductions: .... (7) Debts ascertained to be worthless and charged off within the taxable year (or, in the discretion of the Commissioner, a reasonable addition to a reserve for bad debts) ; and...

...FROM GROSS INCOME.] [In computing net income there shall be allowed as deductions:] (j) Bad debts. — Debts ascertained to be worthless and charged off within the taxable year (or, in the discretion of the Commissioner, a reasonable addition t<» a reserve for bad debts) ; and...

...within the taxable year . . . . ; (4) Losses sustained during the taxable year and not compensated for by insurance or otherwise. . . . ; (5) Debts ascertained...worthless and charged off within the taxable year." The points of difference between the allowances under § 206 (b) upon the one hand and those under § 234...

...within the taxable year . . . .; (4) Losses sustained during the taxable year and not compensated for by insurance or otherwise. . . . ; (5) Debts ascertained...worthless and charged off within the taxable year." The points of difference between the allowances under § 206 (b) upon the one hand and those under § 234...

...as deductions : ****••• (4) Losses sustained during the taxable year and not compensated for by Insurance or otherwise ; (5) Debts ascertained...off within the taxable year; »**•••• the cases cited allowed a deduction as a loss of that part of the debt which was' never collected, they...

...only in part, was granted by the Act of 1921. By that Act, § 234 (a) (5) was changed so as to read: " Debts ascertained to be worthless and charged off within the taxable year (or in the discretion of the Commissioner, a reasonable addition to a reserve for bad debts); and when...