Back to Browse
§261 Subtitle ACHAPTER 1Subchapter BPART IX

§ 261  General rule for disallowance of deductions

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