...computing net income from a fiscal year to a calendar year or vice versa. Section 212 (b) provides that: "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...

...computing net income from a fiscal year to a calendar year or vice versa. Section 212 (b) provides that: "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...

...such action it is found in the following provision of section 212 of the Revenue Act of 1921 : • b) The net income shall be computed upon the basis of the taxpayer's annual ardiunting period (fiscal year or calendar year, as the case may be) in accordsice with the method...

...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 taxpaj'er * * *," and section 200 provides in part that " the term ' paid,' for the purposes of the...

...legal obligation to pay it. P. 119. tj- Section 212 (b) of the Revenue Act of 1918, which provides that the net income shall be computed upon the basis of the taxpayer's accounting period in accordance with the method of accounting regularly employed in keeping the taxpayer's...

...1928, see section 132. PAKT IV ACCOUNTING PERIODS AND METHODS OP ACCOUNTING SEC. 41. GENERAL RULE. 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...

...thereof, or a wholly owned subsidiary of such corporation. 2 This form shall be prepared in accordance with the method of accounting regularly employed in keeping the books of your organisation. ft. Fill In the items on page* 2 and 3 of this form to the extent that they apply...

...accrual basis is used. Section 41 of the code provides that net income shall be computed in accordance with the method of accounting regularly employed in keeping the books of the taxpayer and permits the Commissioner to change the method of accounting when it does not clearly...

...Revenue Code, relating to accounting periods and methods of accounting reads as follows : GENERAL RULE. 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 b«) in accordance with the method of accounting regularly...

...systems of accounting as are In his judgment best suited to his purpose. * * * » SEC. 41. GENERAL RULE. The net Income shall be computed upon the basis of the taxpayer's annual Recounting period (fiscal year or calendar year, as the ease may be) In accordance with the method...