Internal Revenue Code:Sec. 261. General rule for disallowance of deductions

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Contents


Location in Internal Revenue Code


     TITLE 26 - INTERNAL REVENUE CODE
      Subtitle A - Income Taxes
       CHAPTER 1 - NORMAL TAXES AND SURTAXES
        Subchapter B - Computation of Taxable Income
         PART IX - ITEMS NOT DEDUCTIBLE
       

Statute

    Sec. 261. General rule for disallowance of deductions
 
      In computing taxable income no deduction shall in any case be
    allowed in respect of the items specified in this part.
 

Sources

    (Aug. 16, 1954, ch. 736, 68A Stat. 76.)
 

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