...or carry obligations (other than obligations of the United States Issued after September 24, 1017, and originally subscribed for by the taxpayer) the Interest upon which Is wholly exempt from the taxes Imposed by this chapter. * Section 4 In pertinent part reads as follows : «* • • seuer...

...paid or accrued within the taxable year on indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other...'the United States, issued after September 24, 1917), the interest upon which is wholly exempt from taxation under this title as income to the taxpayer *...

...in the case of corporations, see Chapter XV of Excess Profits Tax Procedure. incurred or continued is a head of a family within the meaning of the statute...character of the separation. If a father is absent the interest upon which is wholly exempt from taxation under this title as income to the taxpayer,...

...paid or accrued within the taxable year on indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other...the United States, issued after September 24. 1917), the interest upon which is wholly exempt from taxation under this title as income to the taxpayer *...

...all sources within and without the United States; but interest on indebtedness incurred or continued to purchase or carry obligations or securities (other...the United States issued after September 24, 1917), the interest upon which is wholly exempt from income tax, is not deductible. The use of the word "accrued"...

...paid or accrued within the taxable year on indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other...the United States issued after September 24, 1917), the interest upon which is wholly exempt from taxat-ion under this title as income to the taxpayer,...

...or accrued within the taxable year on its indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other...the United States issued after September 24, 1917) the interest upon which is wholly exempt from taxation under this title as income to the taxpayer,...

...1918 does not permit the deduction of interest paid or accrued on "indebtedness incurred or continued to purchase or carry obligations or securities (other...obligations of the United States issued after September 24, If)!?') the interest upon which is wholly exempt from taxation under this title as income to the taxpayer."8...

...or accrued within the taxable year on its indebtedness, except an indebtedness incurred or continued to purchase or carry obligations or securities (other...than obligations of the United States issued after Sentember 24, 1917), the interest upon which is wholly exempt from taxation under this act as income...

...required to pay to creditors is a proper deduction, except interest or indebtedness incurred or continued to purchase or carry obligations or securities (other...than obligations of the United States issued after Septemher 24, 1917) the interest upon which is exempt from the income tax.39 TAXES. Any tax paid by...