 | 1920 - 36 lapas
...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. COMPUTATION OF NET INCOME Net income must be computed with respect to a fixed period.... | |
 | New York (State) - 1921 - 324 lapas
...article. (Added by L. 1919, chap. 627, in effect May 14, 1910.) § 358. Computation of net 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) in accordance with the method of accounting regularly... | |
 | United States. Internal Revenue Service - 1921 - 348 lapas
...means the gross income us 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 (fiscal year or calendar year, as the case may be) in accordance with the method of accounting regularly... | |
 | New York (State) - 1921 - 1090 lapas
...congress known as the revenue act of nineteen hundred and eighteen. § 358. Computation of net 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) in accordance with the method of accounting regularly... | |
 | United States. Bureau of Internal Revenue - 1921 - 772 lapas
...the trade or business and as most clearly reflecting the income." Section 212(b) provides that — " The net Income shall be computed upon the basis of the taxpayer's annual accounting j>eriod, in accordance with the method of accounting regularly employed in keeping the books of such... | |
 | United States - 1921 - 642 lapas
...comPutlns payer'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 does not clearly... | |
 | Rex Frye - 1921 - 350 lapas
...income as denned in section 213, less the deductions allowed by section 214. 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 does not clearly... | |
 | United States. Congress. Senate. Committee on Manufactures - 1921 - 1278 lapas
...exact methods of accounting. Section 212 of the law of 1918 provides that the taxpayer's net 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 with the method of accounting regularly... | |
 | United States. Bureau of Internal Revenue - 1921 - 778 lapas
...section -'I'C. (Section 220 relates to change of the accounting period.) Section 212 (b) provides that: The net income shall be computed upon the basis of the taxpayer's anuual accounting period * * * in accordance with the method of accounting iv larly employed in keeping... | |
 | New York (State). Supreme Court. Appellate Division - 1922 - 1182 lapas
...the Tax Law gives the basis upon which the net income is computed. We quote from subdivision 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) in accordance with the method of accounting regularly... | |
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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... 
