 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...  Treasury Decisions Under Internal Revenue Laws of the United States - Page 3by United States. Internal Revenue Service, United States. Office of Commissioner of Internal Revenue - 1921Full view - About this book
 | New York (State) - 1935 - 1272 pages
...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,...the computation shall be made upon such basis and in sucli manner as in the opinion of the tax commission docs clearly reflect the income. In the case of... | |
 | United States. Court of Claims - 1927 - 902 pages
...accordance with the method of accounting regularly employed in keeping the books of such taxpayer ; out if no such method of accounting has been so employed,...as in the opinion of the commissioner does clearly reflect the income. If the taxpayer's annual accounting period is other than a fiscal year as defined... | |
 | United States. Court of Claims - 1929 - 762 pages
...accordance with the method of accounting regularly employed in keeping the books of such taxpayer; * * * or if the method employed does not clearly reflect...as in the opinion of the commissioner does clearly reflect the income * * *." It seems clear that the company's method of bookkeeping was calculated clearly... | |
 | United States. Court of Claims, Audrey Bernhardt - 1955 - 908 pages
...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 reflect income, the computation shall be made in accordance with such method as in the opinion of the Commissioner... | |
 | United States. Court of Claims, Audrey Bernhardt - 1962 - 964 pages
...in accordance with the method of accounting regularly employed in keeping the books . . . but . . . if the method employed does not clearly reflect the income, the computation shall be made in accordance with such method as in the opinion of the Commissioner does clearly reflect the income... | |
 | 1927 - 1070 pages
...regularly employed in keeping the books of such taxpayer; but if no such method of accounting lias been go employed, or if the method employed does not clearly...as in the opinion of the Commissioner does clearly reflect the income." Section 64 (a) of the Bankruptcy Act (Comp. St. § 9648), making taxes preferred... | |
 | 1919 - 246 pages
...accordance with the method of accounting regularly employed in keeping the books of such taxpayer. Where no such method of accounting has been so employed,...reflect the income, the computation shall be made on such basis and in such manner as in the opinion of the Commissioner does clearly reflect the income."... | |
 | New York (State). Comptroller's Office - 1919 - 24 pages
...clearly reflect income or if no books are kept, how shall income be calculated? It shall be calculated upon such basis and in such manner as, in the opinion of the comptroller, clearly reflects income. (Section 358) Rules and regulations to be promulgated will more... | |
 | Guaranty Trust Company of New York - 1919 - 664 pages
...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,...as in the opinion of the Commissioner does clearly reflect the income. If the taxpayer's annual accounting period is other than a fiscal year as defined... | |
 | National City Company, United States - 1919 - 104 pages
...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,...as in the opinion of the Commissioner does clearly reflect the income. If the taxpayer's annual accounting period is other than a fiscal year as defined... | |
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