2234

The term 'net income', as used in this chapter, means the amount of the credits or reimbursements (including interest) made or which may be made to the taxpayer on or after January 1, 1944, for excises (including taxes under the Alcoholic Beverages Act, Subtitle 14 of this title), which may have been collected by the Secretary of the Treasury of Puerto Rico illegally or unduly, or in excess of the correct amount, and which may have been transferred by the taxpayer to another person, less the lawyer’s fees up to an amount which shall not exceed ten percent (10%) of the amount credited or reimbursed to the taxpayer for excises (and interest) collected illegally or unduly, or in excess of the correct amount, and passed by the taxpayer to another person.\nHistory —Apr. 6, 1946, No. 286, p. 664, art. 1, § 4.