 | 1927 - 1244 Seiten
...during a period of time. He cites on the subsequent page various definitions, one of which was that income may be defined as the gain derived from capital, from labor, or from both combined, and points out that the essential matter is that income is not a gain accruing to capital, but a gain derived... | |
 | 1927 - 1158 Seiten
...136, 58 L. Ed. 285] ; Doyle v. Mitchell Bros. Co., 247 US 179, 185 [38 S. Ct 467, 62 L. Ed. 1054]). '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,... | |
 | 1927 - 224 Seiten
...Independence v. Howbert. 231 US 399 415' Doyle v. Mitehell Bros. Co.. 247 US 179. 185)— 'Incon e may be defined as the gain derived from capital, from labor, or from both combined.' provided it be understood to include profit gained trough a sale or conversion of capital assets, to... | |
 | William Tristram Coffin - 1927 - 58 Seiten
...252 US 189, 40 Sup. Ct. Rep. 189, 64 L. Ed. 521, 9 ALR 1570. In this case the court defined income as "the gain derived from capital, from labor, or from both combined or conversion of capital assets." In United States v. Oregon-Washington Ry. & Nav. Co. (1918) 251 Fed.... | |
 | 1921 - 500 Seiten
...Profits on Sale of Stock or Bonds as Income.— The United States Supreme Court has defined "income" as, "The gain derived from capital, from labor, or from both combined, provided, it be understood to include profits gained through sale or conversion of capital assets."... | |
 | 1928 - 450 Seiten
...income. The Supreme Court included "realized" capital gains in the definition of income when it said: "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."0... | |
 | Edgar Zavitz Palmer - 1928 - 460 Seiten
...given us (4) Commons, M S. "John Locke" p. 60. its definition as now held under the income tax law (5): "Income may be defined as the gain derived from capital, / from labor, or from both combined, provided it be understood to include profit thru sale or conversion of capital assets." This emphasis... | |
 | New York (State). Attorney General's Office - 1925 - 328 Seiten
...Law of New York State was intended to tax "income" which has been frequently defined by the courts as "The gain derived from capital, from labor or from both combined, including the profit gained through a sale or conversion of capital assets." (Merrium v. US, 282 Federal... | |
 | Robert Hiester Montgomery - 1923 - 1760 Seiten
...income according to the United States Supreme Court's definition of income in the Macomber case: 31 "Income may be defined as the gain derived from capital, from labor, or from both combined." Clearly the royalties cannot be derived from labor. If the application is not property, the royalties... | |
 | John Allen Finch - 1915 - 602 Seiten
...income within the meaning of the Corporation Tax Act August 5, 1909. Same — Same — Definition: Income may be defined as the gain derived from capital, from labor, or from both combined. [Judgment for company.] Connecticut General Life Ins. Co. v. Eaton, Internal Revenue Collector (USDC,... | |
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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. 
