 | United States. Court of Claims, Audrey Bernhardt - 1951 - 840 pages
...Regulations. Section 19.23 (a) -6 of Regulations 103 says in part : 941207—51 17 Opinion of the Court The circumstances to be taken into consideration are...existing at the date when the contract is questioned. At the time this salary arrangement was agreed upon it appeared to be a reasonable one. As it turned... | |
 | Henry Montefiore Powell - 1919 - 708 pages
...compensation is only such amount as would ordinarily be paid for like services by like enterprises in like circumstances. The circumstances to be taken...existing at the date when the contract is questioned. See article 32. (Art. 105 — Reg. 45, Rev.) Commissions paid to salesmen. — Commissions paid to... | |
 | Prentice-Hall Inc, Prentice-Hall, inc - 1919 - 640 pages
...compensation is only such amount as would ordinarily be paid for like services by like enterprises in like circumstances. The circumstances to be taken...existing at the date when the contract is questioned. See article 32. 1[ 577. Art. 106. Treatment of excessive compensation. — As to the treatment of amounts... | |
 | 1920 - 188 pages
...compensation is only such amount as would ordinarily be paid for like services by like enterprises in like circumstances. The circumstances to be taken...existing at the date when the contract is questioned. (Article 28.) The father is legally* entitled to the services of his unemancipated minor children and... | |
 | United States. Bureau of Internal Revenue - 1920 - 346 pages
...compensation is only such amount as would ordinarily be paid for like services by like enterprises in like circumstances. The circumstances to be taken...existing at the date when the contract is questioned. See article 32. ART. 106. Treatment of excessive compensation. — As to the treatment of amounts ostensibly... | |
 | George Edwin Holmes - 1920 - 1186 pages
...compensation is only such amount as would ordinarily be paid for like services by like enterprises in like circumstances. The circumstances to be taken...not those existing at the date when the contract is questioned.31 SALARIES CONSTITUTING A DISTRIBUTION OP DIVIDENDS. Any amount paid in the form of a salary,... | |
 | United States. Internal Revenue Service - 1921 - 348 pages
...compensation is only such amount as would ordinarily be paid for like services by like enterprises in like circumstances. The circumstances to be taken...existing at the date when the contract is questioned. See article 32. ART. 106. Treatment of excessive compensation. — As to the treatment of amounts ostensibly... | |
 | Emerson Emanuel Rossmoore - 1922 - 592 pages
...compensation is only such amount as would ordinarily be paid for like services by like enterprises in like circumstances. . . . The circumstances to be...existing at the date when the contract is questioned." PROBLEM 93 Illustrating Deductions not Allowed Corporation—Salaries paid in Lieu of Dividends FACTS... | |
 | United States. Internal Revenue Service - 1924 - 396 pages
...compensation is only such amount as would ordinarily be paid for like services by like enterprises in like circumstances. The circumstances to be taken...existing at the date when the contract is questioned. See article 32. in the hands of the recipient. If such payments constitute, in part, payment for property,... | |
 | Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 pages
...compensation is only such amount as would ordinarily be paid for like services by like enterprises in like circumstances. The circumstances to be taken...when the contract for services was made, not those existingat thedate when the contract is questioned. (See article 3 2.) ART. 107. Treatment of excessive... | |
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... (3) In any event the allowance for the compensation paid may not exceed what is reasonable under all the circumstances. It is, in general, just to assume that reasonable and true compensation is only such amount as would ordinarily be paid for like... 
