 The net income shall be computed upon the basis of the taxpayer's annual accounting period (fiscal year or calendar year, as the case may be) in accordance with the method of accounting regularly employed in keeping the books of such taxpayer ; but if...  Reports of the Tax Court of the United States - Էջ 258United States. Tax Court - 1954Ամբողջությամբ դիտվող - Այս գրքի մասին
 | United States. Court of Claims - 1930 - 854 էջ
...followed by him." * * * Section 212, above quoted, provides that " the net income of a taxpayer shall be computed upon the basis of the taxpayer's annual...regularly employed in keeping the books of such taxpayer." The plaintiff, as has been stated, used the accrual basis of accounting for the year 1919, as it had... | |
 | United States. Court of Claims, Audrey Bernhardt - 1955 - 908 էջ
...which it employs. Section 41 states the general rule that net income shall be computed "in accordance with the method of accounting regularly employed in keeping the books" of the taxpayer. Section 43 provides that deductions and credits may be taken "for the taxable year in... | |
 | 1927 - 1070 էջ
...taxpayer's annual accounting period (fiscal year or calendar year, as the case may be) in accordance with the method of accounting regularly employed in keeping the books of such taxpayer; but if no such method of accounting lias been go employed, or if the method employed does not clearly... | |
 | 1919 - 246 էջ
...legislation with respect to bookkeeping, I want to read a section of the new revenue law defining net income: "The net income shall be computed upon the basis of...regularly employed in keeping the books of such taxpayer. Where no such method of accounting has been so employed, or if the method employed does not clearly... | |
 | Robert Hiester Montgomery - 1920 - 1304 էջ
...clearly reflect the income." LAW. Section 212. (b) The net income shall be computed .... in accordance with the method of accounting regularly employed in keeping the books of such taxpayer,17 but if no such method of accounting has been so employed, or if the method employed does... | |
 | 1919 - 982 էջ
...Revenue for dealing with special cases. For example, "the net income shall be computed ... in accordance with the method of accounting regularly employed in keeping the books of such taxpayer; but if no such method of accounting has been so employed, or if the method employed does not clearly... | |
 | National City Company, United States - 1919 - 104 էջ
...taxpayer's annual accounting period (fiscal year or calendar year, as the case may be) in accordance with the method of accounting regularly employed in keeping the books of such taxpayer ; but if no such method of accounting has been so employed, or If the method employed does not clearly... | |
 | New York (N.Y.). Tax Commission - 1919 - 106 էջ
...taxpayer's annual accounting period (fiscal year or calendar year as the case may be) in accordance with the method of accounting regularly employed in keeping the books of such taxpayer ; but if no such method of accounting has been so employed, or if the method employed does not clearly... | |
 | Alabama - 1919 - 1476 էջ
...payer's annual accounting period, (fiscal year or calendar year, as the case may be), in accordance with the method of accounting regularly employed in keeping the books of such tax payer, but if no such method of accounting has been so employed, or if the method employed does... | |
 | Henry Montefiore Powell - 1919 - 708 էջ
...commercial "net income." This appears from the fact that ordinarily it ia to be computed in accordance with the method of accounting regularly employed in keeping the books of the taxpayer. (Reg. 45, Rev. Art. 21.) Computation of net income. reflect the income, the computation... | |
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