...following : (1) The amount of the outstanding indebtedness (not including interest) of the taxpayer which is evidenced by a bond, note, bill of exchange,...certificate of indebtedness, mortgage, or deed of trust, plus, (2) In the case of a taxpayer having a contract (made before the expiration of 30 days after...

...interest) of the taxpayer, incurred in good faith for the purposes of the businn*s, which indebtedness is evidenced by a bond, note, bill of exchange, debenture, certificate of indebtedness, mortgage, deed of trust, bank-loan agreement, or conditional sale* contract. In the case of property of the taxpayer...

...which the taxpayer's property is subject) of the taxpayer which ie evidenced by a boad, а promissory note, bill of exchange, debenture, certificate of indebtedness, mortgage, or deed of trust, plua (b) In the case of a corporation having a contract, made before November 8, 1940, with a foreign...

...based on the borrowed capital at the beginning of such day, consisting of indebtedness of the taxpayer evidenced by a bond, note, bill of exchange, debenture,...certificate of indebtedness, mortgage, or deed of trust, but is not to exceed the following amounts as the case may be: (1) If the equity invested capital is...

...including indebtedness described in section 751 (b) relating to certain exchanges) of the taxpayer which is evidenced by a bond, note, bill of exchange,...certificate of indebtedness, mortgage, or deed of trust, plus, "(2) In the case of a taxpayer having a contract (made before the expiration of 30 days after...

...(not including interest) of the taxpayer, incurred in good faith for the purposes of the business, which is evidenced by a bond, note, bill of exchange,...debenture, certificate of indebtedness, mortgage, deed of trust, bank loan agreement, or conditional sales contract. In the case of property of the taxpayer...

...things, amounts previously paid for stock, while "borrowed invested capital" includes only indebtedness evidenced by a bond, note, bill of exchange, debenture,...certificate of indebtedness, mortgage, or deed of trust ; and that open-account indebtedness is not to be included. Trail also desires to avail itself of the...

...corporation on open account in equal amounts by Its two stockholders and not "evidenced by a note, bond, bill of exchange, debenture, certificate of Indebtedness, mortgage, or deed of trust," are not "equity invested capital" or "borrowed invested capital" within the meaning of those terms...

...taxpayer's property is subject) of the taxpayer which is evidenced by a bond, л рготЬяогу note, bill of exchange, debenture, certificate of indebtedness, mortgage, or deed of trust, plus capital to be reduced In the same ratio м the inadmissible ' assets bear to the total assets....

...That section, in short, provides for such inclusion if the amount is (1) indebtedness and (2) if it is evidenced by a bond, note, bill of exchange, debenture,...certificate of indebtedness, mortgage, or deed of trust. Both elements must appear, that is, indebtedness, and the requisite form therof. If either is lacking,...