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China Bank by VM is a document available to read on EtoBox.

The Supreme Court affirmed the decision of the Court of Appeals upholding the ruling of the Commissioner of Internal Revenue and the Court of Tax Appeals. The Court ruled that shares held as an investment are considered capital assets, and losses from worthless shares are treated as capital losses rather than ordinary losses. The Court also ruled that equity holdings like shares of stock do not constitute evidence of indebtedness and losses cannot be deducted as bad debts. The bank

Author

VM

Language

EN