 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...  The Federal Reporter - Seite 761927Vollansicht - Über dieses Buch
 | United States. Court of Claims, Audrey Bernhardt - 1955 - 908 Seiten
...the method of accounting 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 which 'paid or... | |
 | United States. Court of Claims - 1929 - 762 Seiten
...with section 212 (b) of the revenue act of 1918, 40 Stat. 1064, as follows : "(b) The net income shall be computed * * * in accordance with the method of...accounting regularly employed in keeping the books of such taxpayer; * * * or if the method employed does not clearly reflect the income, the computation... | |
 | United States. Court of Claims, Audrey Bernhardt - 1962 - 964 Seiten
...1939 and § 446 of the Internal Revenue Code of 1954. Section 41 required that "the net income shall be computed ... in accordance with the method of accounting regularly employed in keeping the books . . . but . . . if the method employed does not clearly reflect the income, the computation shall be... | |
 | United States. Court of Claims - 1930 - 854 Seiten
...taxpayer's annual accounting period (hscal 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. The applicable regulations of the Treasury Department promulgated April 17, 1919 (Regulations... | |
 | 1927 - 1070 Seiten
...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... | |
 | 1919 - 246 Seiten
...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. Where no such method of accounting has been so employed, or if the method employed does... | |
 | Robert Hiester Montgomery - 1920 - 1304 Seiten
...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... | |
 | Prentice-Hall Inc, Prentice-Hall, inc - 1919 - 640 Seiten
...statutory "net income" is 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. fl 522. Art. 22. Computation... | |
 | George Edwin Holmes - 1919 - 1052 Seiten
...disbursements. Reporting Deductions According to Book Entries. The present law requires that net income shall be computed in accordance with the method of accounting regularly employed in keeping the books of a taxpayer ; but if no such method of accounting has been so employed or if the method1 employed does... | |
 | 1919 - 982 Seiten
...Commissioner of Internal 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... | |
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