 paid or incurred", dependent upon the method of accounting -upon the basis of which the net income is computed, unless in order to clearly reflect the income the deductions or credits should be taken as of a different period.  Reports of the U.S. Board of Tax Appeals - Page 194by United States. Board of Tax Appeals - 1941Full view - About this book
 | United States. Court of Claims, Audrey Bernhardt - 1955 - 908 pages
...preceding taxable year without regard to such net operating loss." 813 'paid or incurred,' dependent upon the method of accounting upon the basis of which the net income is computed, unless in order to clearly reflect the income the deductions or credits should... | |
 | George Edwin Holmes - 1919 - 1048 pages
...the deduction of taxes "paid or accrued." The term "paid or accrued" is to be construed according to the method of accounting upon the basis of which the net income of the taxpayer is computed.5 Taxes Not Deductible. The Revenue Act of 1918 expressly provides that no taxpayer... | |
 | United States. Internal Revenue Service - 1924 - 396 pages
...shall be taken for the taxable year in which "paiil or accrued " or " paid or incurred," dependent upon the method of accounting upon the basis of which the net income is computed under section 212 or 232, unless in order to clearly reflect the income the deductions... | |
 | Irving Bank-Columbia Trust Company - 1925 - 152 pages
...title shall be taken for the taxable year in which "paid or accrued" or "paid or incurred," dependent upon the method of accounting upon the basis of which the net income is computed under section 212 or 232, unless in order to clearly reflect the income the deductions... | |
 | John F. Sherwood - 1925 - 206 pages
...title shall be taken for the taxable year in which "paid or accrued" or "paid or incurred," dependent upon the method of accounting upon the basis of which the net income is computed under section 212 or 232, unless in order to clearly reflect the income the deductions... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 580 pages
...title shall be taken for the taxable year in which "paid or accrued" or "paid or incurred", dependent upon the method of accounting upon the basis of which the net income is computed under section 212 or 232, unless in order to clearly reflect the income the ' deductions... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 pages
...title shall be taken for the taxable year in which "paid or accrued" or "paid or incurred", dependent upon the method of accounting upon the basis of which the net income is computed, unless in order to clearly reflect the income the deductions or credits should... | |
 | Eric Louis Kohler - 1927 - 618 pages
...title shall be taken for the taxable year in which "paid or accrued" or "paid or incurred," dependent upon the method of accounting upon the basis of which the net income is computed under section 212 or 232, unless in order to clearly reflect the income the deductions... | |
 | United States - 1928 - 268 pages
...title shall be taken for the taxable year in which "paid or accrued" or "paid or incurred", dependent upon the method of accounting upon the basis of which the net income is computed under section 212 or 232, unless in order to clearly reflect the income the deductions... | |
 | United States - 1928 - 1164 pages
...chapter shall be taken for the taxable year in which "paid or accrued" or "paid or incurred," dependent upon the method of accounting upon the basis of which the net income is computed under section 953 or 984, unless in order to clearly reflect the income the deductions... | |
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