Ordinary

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Ordinary

Common and accepted in the general industry or type of activity in which the taxpayer is engaged. It is one of the tests for the deductibility of expenses incurred or paid in connection with a trade or business; for the production of income; for the management, conservation, or maintenance of property held for the production of income; or in connection with the determination, collection, or refund of any tax.
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References in periodicals archive ?
The oldest and most illustrative document that refers to the act of birth of the church is the marble carving above the entrance door which reads as follows: "With the will of the Father and the help of the Son and by the action of the Holy Spirit, it is I, the servant of God, our Lord and master, Jesus Christ the Saviour and prayerful to the Trinity, I, Vasile the Voivode with the mercy of God, ruler of the principality of Moldova and with our lady Tudosca and our children, God's gift, Ion voivode, Maria and Ruxandra, raised this holy prayer in the name of the Three Holy Hierarchs, Basil the Great, Gregory the Theologian and John Chrysostom.
The next day (the 25th May) we went to Lhakhang-chhen-mo built by the hierarch Phags-pa (1251-80 A.C.) the preceptor of the Chinese Emperor Kublai Khan.
At any rate, Blair and Stout's modified version of the team production theory suffers from several conceptual weaknesses, shortcomings that undermine their assertion that a mediating hierarch model of corporate governance will produce significantly lower transaction costs than the single-owner approach and associated shareholder primacy norm.
Hierarch scored only once last year but is weighted to win the Follow Us On Twitter @LingfieldPark Apprentice Handicap.
School calendars turned once again at the end of last month to the Three Hierarch's Day -- a day on which most schools are closed to commemorate the three Holy Fathers of Education in the Orthodox Church.
Hierarch arrested a losing spell at Wolverhampton on his most recent outing and can go in again in the Ladbrokes Handicap back at Dunstall Park.
NAOMI MATTHEW: 5.40 Diamond Vine, 6.10 Rose Garnet, 6.40 Divea (nb), 7.10 Lone Warrior, 7.40 Solo Hunter, 8.10 Star Links, 8.40 Sian Gwalia, 9.10 Hierarch.
KEMPTON: 5.55 Hierarch, 6.25 True Pleasure, 6.55 PASSING STAR (NAP), 7.25 Jolly Red Jeanz, 7.55 Swift Blade, 8.25 Waveguide, 8.55 High On The Hog.
SELECTIONS KEMPTON: 4.50 Hierarch, 5.20 Polydamos, 5.50 Jazri, 6.20 Gabrial's Hope, 6.50 Newtown Cross, 7.20 Trojan Rocket, 7.50 Eco Warrior.