 | United States - 1921 - 642 էջ
...income shall be computed upon the basis of the tax- Basis of comPutlns payer's annual accounting period (fiscal year or calendar year, as the case may be)...basis and in such manner as in the opinion of the Commissioner does clearly reflect the income. If the taxpayer's annual accounting period is other than... | |
 | New York (State) - 1921 - 1090 էջ
...income. 1. 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)...basis and in such manner as in the opinion of the tax commission does clearly reflect the income. If the taxpayer's annual accounting period is other... | |
 | New York (State) - 1921 - 324 էջ
...income. 1. 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)...basis and in such manner as in the opinion of the tax commission does clearly reflect the income. If the taxpayer's annual accounting period is other... | |
 | Rex Frye - 1921 - 350 էջ
...income" means the gross income as denned in section 213, less the deductions allowed by section 214. case may be) in accordance with the method of accounting...basis and in such manner as in the opinion of the Commissioner does clearly reflect the income. If the taxpayer's annual accounting period is other than... | |
 | Irving National Bank, New York - 1921 - 140 էջ
...what basis must net income be computed? A. Upon the basis of the taxpayer's annual accounting period (fiscal year or calendar year as the case may be)...regularly employed in keeping the books of such taxpayer. Q. If no such method of accounting has been employed by the taxpayer, or if the method employed does... | |
 | United States. Congress. Senate. Committee on Manufactures - 1921 - 1278 էջ
...taxable income shall be computed upon the basis of the taxpayer's annual accounting period (iiscal year or calendar year, as the case may be), in accordance...regularly employed in keeping the books of such taxpayer, provided, of course, that such accounting method clearly reflects the income. Article 24 of the regulations... | |
 | United States. Bureau of Internal Revenue - 1921 - 772 էջ
...follows : 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)....with the method of accounting regularly employed in keeping the book? of such taxpayer ; but if no such method of accounting has been so employed, or if... | |
 | Thomas Sewall Adams - 1921 - 452 էջ
...made under the provision of statute that if a taxpayer employs no method of accounting or "if l:he method employed does not clearly reflect the income, the computation shall be made . . . in such manner as in the opinion of the Commissioner does clearly reflect the income." 74 A ruling... | |
 | United States. Internal Revenue Service - 1921 - 348 էջ
...commercial "net income." This appears from the fact that ordinarily it is to be computed in accordance with the method of accounting regularly employed in keeping the books of the taxpayer. As to the net income of corporations see section 232 and article 531. ART. 22. Computation... | |
 | United States. Bureau of Internal Revenue - 1921 - 778 էջ
...14. The revenue law prescribes in section 212 (l>) that net Income shall be computed in accordance with the method of accounting regularly employed in keeping the books of the taxpayer, provided such method clearly reflects the income. The method of accounting universally... | |
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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; but if... 
