 | United States. Court of Claims, Audrey Bernhardt - 1962 - 964 lapas
...in accordance with the method of accounting regularly employed in keeping the books . . . but . . . if the method employed does not clearly reflect the...of the Commissioner does clearly reflect the income . . . ." 2 The Commissioner of Internal Revenue disallowed the deferral of income from one year to... | |
 | United States. Internal Revenue Service - 1924 - 396 lapas
...the gross income as defined in section 213, less the deductions allowed by sections 214 and 206. (b) The net income shall be computed upon the basis of...is other than a fiscal year as defined in section 200 or if the taxpayer has no annual accounting period or does not keep books, the net income shall... | |
 | Irving Bank-Columbia Trust Company - 1925 - 152 lapas
...the gross income as defined in section 213, less the deductions allowed by sections 214 and 206. (b) The net income shall be computed upon the basis of...is other than a fiscal year as defined in section 200 or if the taxpayer has no annual accounting period or does not keep books, the net income shall... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 580 lapas
...income as defined in section 213, less the deductions allowed by sections 21401 and 206.03 SEC. 212. (b) The net income shall be computed upon the basis of...as in the opinion of the Commissioner does clearly SEC. 211. (b) In the case of a bona fide sale of mines, oil or gas wells, or any interest therein,... | |
 | John F. Sherwood - 1925 - 206 lapas
...in keeping the books of such taxpayer; but if no such method of accounting has been so employed, of if the method employed does not clearly reflect the...is other than a fiscal year as defined in section 200 or if the taxpayer has no airoual accounting period or does not keep books, the net income shall... | |
 | Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 lapas
...the gross income as defined in section 213, less the deductions allowed by sections 214 and 206. (b) The net income shall be computed upon the basis of...is other than a fiscal year as defined in section 200 or if the taxpayer has no annual accounting period or does not keep books, the net income shall... | |
 | 1926 - 1180 lapas
...accounted for as of a different period." The portion of Section 2i2(b) which is pertinent follows: " The net income shall be computed upon the basis of...the Commissioner does clearly reflect the income. . . ." Now it would seem that there is ample statutory authority in these provisions for the Commissioner... | |
 | Eric Louis Kohler - 1927 - 618 lapas
...the gross income as denned in section 213, less the deductions allowed by sections 214 and 206. (b) The net income shall be computed upon the basis of...is other than a fiscal year as defined in section 200 or if the taxpayer has no annual accounting period or does not keep books, the net income shall... | |
 | United States - 1928 - 1164 lapas
...income as defined in section 954 of this title, less the deductions allowed by sections 937 and 955. (b) The net income shall be computed upon the basis of...is other than a fiscal year as defined in section 931 or if the taxpayer has no annual accounting period or does not keep books, the net income shall... | |
 | United States - 1928 - 268 lapas
...with the approval of the Secretary, a person who regularly sells or otherwise disposes of personal be) in accordance with the method of accounting regularly...annual accounting period is other than a fiscal year as denned in section 200 or if the taxpayer has no annual accounting period or does not keep books, the... | |
| |
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... 
