ich are neider deductible nor properly chargeable lb Capital Accounts ,under Code Section 705(a)(2XB) or are treated as. . such expenditures under Treasnry .1egttlation Section.13 04;1(bR2XivXi). • "Noruccomse Deductions" shall have the meaning set forth in treasury Regulation. Section 1.704-2: (e) The tamount of any liabilities • Of. the