SWAN, Circuit Judge (after stating the facts as above).
The tax is laid under the Revenue Act of 1918 (40 Stat. 1057). By section 230 corporations are taxed upon their "net income," which is declared to mean gross income, as defined in section 233, less authorized deductions. By section 233 the definition of gross income is referred back to section 213. That section provides:
"Sec. 213. That for the purposes of this title * * * the term `gross income' —...
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