Mr. JUSTICE ROBERTS delivered the opinion of the Court.
The Revenue Act of 1921 defines gross income as including gains, profits and income derived by the taxpayer from any source whatever, and provides that in computing net income of a corporation "all interest paid or accrued within the taxable year on its indebtedness" is deductible from such gross income. Treasury regulations promulgated under authority of the statute state that if As you are aware we have offered this as a free subscription over the past years and we have now made it a paid service.Look forward to your continued patronage.NEVER MISS A DECISION. START YOUR SUBSCRIPTION.
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