 | United States. Board of Tax Appeals - 1926 - 1508 էջ
...(b), so far as material, provides as to the method of computing net income as follows : SEC. 212. (b) The net income shall be computed upon the basis of the taxpayer's annual accounting period * * * in accordance with the method of accounting regularly employed in keeping the books of such taxpayer;... | |
 | United States. Internal Revenue Service - 1926 - 620 էջ
...income" means the gross income as defined in section 213 less the deductions allowed by section 214. (b) The net income shall be computed upon the basis of the taxpayer's annual accounting period. * * * If the taxpayer has no annual accounting period or does not keep books, the net income shall... | |
 | 1927 - 224 էջ
...accounted for as of a different period." The portion of Section 212(b) which is pertinent follows : "The net income shall be computed upon the basis of...or calendar year, as the case may be) in accordance (21) Such a case is stated In ARR 124, 2 CB 87. with the method of accounting regularly employed in... | |
 | North Carolina - 1927 - 800 էջ
...318. Basis of return of net income. 1. The net income of a taxpayer shall be computed in accordance with the method of accounting regularly employed in keeping the books of such taxpayers; but if such method does not clearly reflect the income, the computation shall be made in... | |
 | 1927 - 1146 էջ
...fiscal year. (1) The Revenue Act of 1918 requires the taxpayer's income to be computed in accordance with the method of accounting regularly employed in keeping the books of the taxpayer and regardless of whether the taxpayer's accounting period is a fiscal year or a calendar... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 էջ
...petitions. Section 212 defines the term " net income " in the case of an individual and stipulates that the net income shall be computed upon the basis of the taxpayer's accounting period and in accordance with the method regularly employed in keeping the taxpayer's books.... | |
 | United States. Board of Tax Appeals - 1927 - 1522 էջ
...Section 212(b) of the Revenue Act of 1918 reads as follows : (b) The net income shall be computefl updn the basis of the taxpayer's annual accounting period (fiscal year or calendar yeftr. as the ease may be) in accordance with the method of aecounlinc regularly employed In keepins... | |
 | Virginia - 1928 - 328 էջ
...963, sec. 9, subsec. 10.) Sec. 30. Computation of net income. — The income of the taxpayer shall be computed upon the basis of the taxpayer's annual...taxpayer, but if no such method of accounting has been employed, or if the method employed does not clearly reflect the true income of the taxpayer,, the... | |
 | 1928 - 1138 էջ
...the taxable year on its indebtedness. • • • " Сотр. St. § 63361/spp (a). "Sec. 212. (b) The net income shall be computed upon the basis of...in keeping the books of such taxpayer; but * * * if the method employed does not clearly reflect the income, the computation shall be made upon such basis... | |
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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... 
