 | United States. Court of Claims - Law reports, digests, etc - 1924 - 792 pages
...US 509, 518, has defined the meaning of the word " income " as follows : " Income may be defined as the gain derived from capital, from labor, or from...gained through a sale or conversion of capital assets." It can not be said that the proceeds of life insurance policies come within the meaning of the above... | |
 | 1925 - 824 pages
...definition adopted in two cases arising under the Corporation Act of 1009. "Income may be defined as the gain derived from capital, from labor, or from...gained through a sale or conversion of capital assets, to which it was applied in the Doyle case Here we have the essential matter: not a gain accruing to... | |
 | Robert Hiester Montgomery - Auditing - 1927 - 880 pages
...value that existed at the commencement of the period under consideration.10 Income may be defined as the gain derived from capital, from labor. or from...gained through a sale or conversion of capital assets." One of the best legal definitions of "profit," of general applicability, is found in Morrow v. Missouri... | |
 | United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - Courts - 1920 - 708 pages
...Howbert, 231 US 399, 415; Doyle v. Mitchell Bros. Co., 247 US 179, 185)— "Income may be defined as the gain derived from capital, from labor, or from...gained through a sale or conversion of capital assets, to which it was applied in the Doyle Case (pp. 183, 185). Brief as it is, it indicates the characteristic... | |
 | Edward Sherwood Mead - Corporations - 1920 - 506 pages
...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...gained through a sale or conversion of capital assets. ' . . . Brief as it is, it indicates the characteristic and distinguishing attribute of income essential... | |
 | United States. Congress. House. Committee on Ways and Means - 1920 - 66 pages
...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...gained through a sale or conversion of capital assets, to which it was applied in the Doyle case (pp. 183, 185). Brief as it is, it indicates the characteristic... | |
 | United States. Supreme Court - Courts - 1921 - 688 pages
...determining the amount of such gain derived." Ard the definition of "income" approved by this court is: "'The gain derived from capital, from labor, or from...gained through a sale or conversion of capital assets." Eisner v. Macomber, 252 US 189, 207. It is thus very plain that the statute imposes the income tax... | |
 | Thomas Sewall Adams - Income tax - 1921 - 452 pages
...Howbert, 231 US 399, 415; Doyle v. Mitchell Bros. Co., 247 US 179, 185) — "Income may be defined as the gain derived from capital, from labor, or from...gained through a sale or conversion of capital assets to which it was applied in the Doyle case (pp. 183, 185). Brief as it is, it indicates the characteristic... | |
 | United States. Supreme Court - Law reports, digests, etc - 1921 - 684 pages
...determining the amount of such gain derived." Ard the definition of "income" approved by this court is: '"The gain derived from capital, from labor, or from...understood to include profit gained through a sale or con version of capital assets." Eisner v. Macomber, 252 US 189, 207. It is thus very plain that the... | |
 | Thomas Sewall Adams - Income tax - 1921 - 296 pages
...two cases arising under the Corporation Tax Act of August 5, 1909 . . . : "Income may be defined as the gain derived from capital, from labor, or from...it be understood to include profit gained through a conversion of capital assets, to which it was applied in the Doyle Case.1" And later in the same opinion... | |
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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. 
