CFR > Title 26 - Internal Revenue > CHAPTER I—INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY > SUBCHAPTER A—INCOME TAX (Parts 1–19) > PART 1—INCOME TAXES > 1.241-1—Allowance of special deductions.

1.241-1—Allowance of special deductions.

A corporation, in computing its taxable income, is allowed as deductions the items specified in Part VIII ( section 242 and following), Subchapter B, Chapter 1 of the Code, in addition to the deductions provided in part VI ( section 161 and following) Subchapter B, Chapter 1 of the Code.