 | United States. Court of Claims - 1930 - 854 էջ
...Sections 200 and 212 (b) of the revenue act of 1918. 40 Stat. 1058 and 1064, read : " SECTION 200. The term ' paid ' for the purposes of the deductions...which the net income is computed under section 212." " SECTION 212. (b) The net income shall be computed upon the basis of the taxpayer's annual accounting... | |
 | United States. Court of Claims - 1927 - 902 էջ
...taxable year and not compensated for by insurance or otherwise; ***** " The term ' paid,' for the purpose of the deductions and credits under this title, means...which the net income is computed under section 212." The Treasury Regulations, 1920 edition, provide as follows : "Airr. 111. When char ges deductible.... | |
 | United States. Court of Claims - 1934 - 914 էջ
...method of accounting regularly employed in keeping the books of such taxpayer ; * * *." " SEC. 200. (d) The terms ' paid or incurred ' and ' paid or accrued...which the net income is computed under section 212 or 232. The deductions and credits provided for in this title shall be taken for the taxable year in... | |
 | United States. Court of Claims, Audrey Bernhardt - 1955 - 908 էջ
...as of a different period." Section 48 provides, "When used in this chapter . . . (c) The terms . . . 'Paid or Accrued' shall be construed according to...the basis of which the net income is computed under this Part." This provision of § 48 would itself seem to be conclusive of the question since § 122... | |
 | United States. Court of Claims, Audrey Bernhardt - 1956 - 1104 էջ
...* * Sec. 48. Definitions. When used in this chapter — (c) "paid or Incurred," "paid or accrued." The terms "paid or Incurred" and "paid or accrued"...be construed according to the method of accounting npon the basis of which •!.» net Income is computed under this Part. Opinion of the Court state... | |
 | United States. Court of Claims - 1928 - 760 էջ
...v. Mitchell, 271 US 12, it is declared that " paid " means " paid or accrued " and that the phrase " paid or accrued " shall be construed, according to the method of accounting, upon the basis on which the net income is computed. The return in that case showed that the computations was made... | |
 | United States. Court of Claims, Audrey Bernhardt - 1953 - 968 էջ
...shall be taken for the taxable year in which "paid or accrued" or "paid or incurred," dependent upon the method of accounting upon the basis of which the net income is computed * * *. Then it points to Section 23 which says : Deductions from Gross Income In computing net income... | |
 | Robert Hiester Montgomery - 1920 - 1304 էջ
...paid within the taxable year on policy and annuity contracts. "Paid" includes "accrued'' or "incurred" (construed according to the method of accounting upon the basis of which the net income is computed) during the taxable year, but does not include any estimate for losses incurred but not reported during... | |
 | National City Company, United States - 1919 - 104 էջ
...contract or contracts made between April 6, 1917. and November 11, 1918, both dates inclusive ; 20. The term "paid," for the purposes of the deductions...which the net income is computed under Section 212 (par. 45-47). DIVIDENDS. 21. SEC. 201. (a) That the term "dividend" when used in this title (except... | |
 | Henry Montefiore Powell - 1919 - 708 էջ
..."received" defined. 6. The word "paid" for the purposes of the deductions and credits under this article, means "paid or accrued" or "paid or incurred," and...the basis of which the net income is computed, under this article. The term "received" for the purpose of the computation of net income under this article,... | |
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paid or incurred" and "paid or accrued" shall be construed according to the method of accounting upon the basis of which the net income is computed under section 212 or 232. The deductions and credits provided for in this title shall be taken for the... 
