 | United States. Congress. House. Committee on Ways and Means - 1919 - 190 Seiten
...not affect "income received within the year," within excise tax act, section 38, clause 2. (Id.) 13. Income may be defined as the gain derived from capital, from labor, or from both combined. (Connecticut Gen. Life Ins. Co. v. Eaton, 218 Fed. 188, 1914, and Stratton's Independence v. Howbert,... | |
 | George Edwin Holmes - 1919 - 1048 Seiten
...and fiduciaries are treated in the chapters on those respective subjects.3 What Constitutes Income. Income may be defined as the gain derived from capital, from labor, or from both 1 Revenue Act of 1918, § 21 3. 2 Revenue Act of 1918, § 213 (a). 3 See Chapters 10 on Partnerships... | |
 | United States. Congress. House. Committee on Ways and Means - 1920 - 66 Seiten
...(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, from labor, or from both combined," provided it be understood to include profit gained through a sale or conversion of capital assets,... | |
 | Edward Sherwood Mead - 1920 - 506 Seiten
...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, from labor, or from both combined, provided it be understood to include profit gained through a sale or conversion of capital assets.... | |
 | Thomas Sewall Adams - 1921 - 452 Seiten
...arising from corporate activities. As was said in Stratton's Independence v. Hovibert (231 US 399, 415); "Income may be defined as the gain derived from capital, from labor, or from both combined." Understanding the term in this natural and obvious sense, it can not be said that a conversion of capital... | |
 | Alzada Comstock - 1921 - 258 Seiten
...within the meaning of the Sixteenth Amendment. The definition of income adopted by the court, namely " income may be defined as the gain derived from capital, from labor or from both combined, provided it would be understood to include profit gained through the sale or conversion o'f assets... | |
 | United States - 1921 - 1064 Seiten
...arising from corporate activities. As was said in Stratton's Independence V. Howbert, 231 US 3!)9, 415, "Income may be defined as the gain derived from capital, from labor, or from both combined." Understanding the term in this natural and obvious sense, it cannot be said that a conversion of capital... | |
 | United States. Supreme Court - 1921 - 684 Seiten
...is especially significant in its application, to such a case as we have here, so that it now reads: '"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.'... | |
 | Thomas Sewall Adams - 1921 - 296 Seiten
...Independence v. Howbert, 231 US 399, 415; Doyle v. Mitchell Bros. Co., 247 US 179, 185) — "Income maybe 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... | |
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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. 
