GREEN, Judge.
The Revenue Act of 1924 contains the provision set out below with reference to the determination of the net income of life insurance companies:
"Sec. 245. (a) In the case of a life insurance company the term `net income' means the gross income less — * * *
"(5) Investment expenses paid during the taxable year: Provided, That if any general expenses are in part assigned to or included in the investment expenses, the total deduction...
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