Ordinary net income definition
Ordinary net income means the net income, computed in accordance with the provisions of this title, after excluding all items of capital gain, capital loss, and capital deductions.
Ordinary net income means the net income, computed in accordance with the provisions of this title, after excluding all items of capital gain, capital loss, and capital deductions. ( 45 Stat. 811, U.S.C. tit. 26, § 2101 (26 USCA § 2101).)