 If the taxpayer omits from gross income an amount properly includible therein which is in excess of 25 percent of the amount of gross income stated in the return, the tax may be assessed, or a proceeding in court for the collection of such tax may be...  Reports of the Tax Court of the United States - Page 75by United States. Tax Court - 1967Full view - About this book
 | United States. Court of Claims, Audrey Bernhardt - 1957 - 904 pages
...taxpayer omits from gross income nn amount properly includible therein which is in excess of 25 per centum of the amount of gross income stated in the return, the tax may be assessed * * * at any time within 5 years after the return was filed. The decisions indicate that when the Government... | |
 | Philippines - 1988 - 484 pages
...(a) In the case of a false or fraudulent return with intent to evade tax or of a failure to file a return, the tax may be assessed, or a proceeding in...may be begun without Assessment, at any time within ton years after the discovery of the falsity fraud, or omission. # * * * * * *•»* "(c) Where the... | |
 | United States. Congress. Senate. Committee on Finance - 1934 - 630 pages
...but extends the provision to a taxpayer who " omits from gross income an amount properly includible therein which is in excess of 25 percent of the amount of gross income stated in the return." Such a provision appears to be unreasonable and impracticable. Neither the Revenue Act nor administrative... | |
 | United States. Bureau of Internal Revenue, United States. Internal Revenue Service - 1935 - 502 pages
...taxpayer omits from gross income an amount properly includible therein which is in excess of 25 per centum of the amount of gross income stated in the return,...rnay be begun without assessment, at any time within 5 years after the return was filed. (d) For the purposes of subsections (a), (b), and (c), a return... | |
 | United States. Internal Revenue Service - 1936 - 604 pages
...taxpayer omits from gross income an amount properly includible therein which is in excess of 25 per centum of the amount of gross income stated in the return,...may be begun without assessment, at any time within 5 years after the return was filed. (d) For the purposes of subsections (a), (b), and (c), a return... | |
 | United States, United States. Congress. House. Committee on Ways and Means - 1936 - 308 pages
...taxpayer omits from gross income an amount properly includible therein which is in excess of 25 per centum of the amount of gross income stated in the return, the tax may he assessed, or a proceeding in court for the collection of such tax may be begun without assessment,... | |
 | United States. Congress. Senate. Committee on Finance - 1939 - 1104 pages
...taxpayer omits from gross income an amount properly mcludible therein which is in excess of 25 per centum of the amount of gross income stated in the return,...may be begun without assessment, at any time within five years after the return was filed. (4) For the purposes of subparagraphs (1), (2), and (3), a return... | |
 | United States, United States. Congress. House. Committee on Ways and Means - 1938 - 348 pages
...taxpayer omits from gross income an amount properly includible therein which is in excess of 25 per centum of the amount of gross income stated in the return,...may be begun without assessment, at any time within 5 years after the return was filed. (d) SHAREHOLDERS OF FOREIGN PERSONAL HOLDING COMPANIES. — If... | |
 | United States. Congress Internal Revenue Taxation Joint Committee - 1938 - 700 pages
...taxpayer omits from gross income an amount properly includible therein which is in excess of 25 per centum of the amount of gross income stated in the return,...may be begun without assessment, at any time within 5 years after the return was filed. (d) SHAREHOLDERS OF FOREIGN PERSONAL HOLDING COMPANIES. — If... | |
 | 1940 - 1806 pages
...taxpayer omits from gross Income an amount properly Includlble therein which Is In excess of 25 per centum on parent corporation shall be for all purposes, in...is required, the sole agent, duly authorized to a 6 years after the return was filed. (<J) Shareholders of foreign personal holding companies. — If... | |
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