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" paid or incurred" and "paid or accrued" shall be construed according to the method of accounting upon the basis of which the net income is computed under section 212 or 232. The deductions and credits provided for in this title shall be taken for the... "
Fairchild's Daily News Record and Women's Wear National Directory and Digest ... - Page 586
1920
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Cases Decided in the United States Court of Claims, Volume 69

United States. Court of Claims - 1930
...: " SECTION 200. The term ' paid ' for the purposes of the deductions and credits under this title means ' paid or accrued ' or ' paid or incurred,'...the basis of which the net income is computed under section 212." " SECTION 212. (b) The net income shall be computed upon the basis of the taxpayer's...
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Cases Decided in the United States Court of Claims, Volume 78

United States. Court of Claims - 1934
...method of accounting regularly employed in keeping the books of such taxpayer ; * * *." " SEC. 200. (d) The terms ' paid or incurred ' and ' paid or accrued...the basis of which the net income is computed under section 212 or 232. The deductions and credits provided for in this title shall be taken for the taxable...
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Cases Decided in the United States Court of Claims ... with ..., Volume 131

United States. Court of Claims, Audrey Bernhardt - 1955
...as of a different period." Section 48 provides, "When used in this chapter . . . (c) The terms . . . 'Paid or Accrued' shall be construed according to...the basis of which the net income is computed under this Part." This provision of 48 would itself seem to be conclusive of the question since 122...
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Cases Decided in the United States Court of Claims ... with ..., Volume 133

United States. Court of Claims, Audrey Bernhardt - 1956
...* * Sec. 48. Definitions. When used in this chapter (c) "paid or Incurred," "paid or accrued." The terms "paid or Incurred" and "paid or accrued"...be construed according to the method of accounting npon the basis of which !. net Income is computed under this Part. Opinion of the Court state...
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Cases Decided in the United States Court of Claims, Volume 63

United States. Court of Claims - 1928
...v. Mitchell, 271 US 12, it is declared that " paid " means " paid or accrued " and that the phrase " paid or accrued " shall be construed, according to the method of accounting, upon the basis on which the net income is computed. The return in that case showed that the computations was made...
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Cases Decided in the United States Court of Claims ... with ..., Volume 124

United States. Court of Claims, Audrey Bernhardt - 1953
...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 * * *. Then it points to Section 23 which says : Deductions from Gross Income In computing net income...
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Income Tax Procedure

Robert Hiester Montgomery - 1920
...paid within the taxable year on policy and annuity contracts. "Paid" includes "accrued'' or "incurred" (construed according to the method of accounting upon the basis of which the net income is computed) during the taxable year, but does not include any estimate for losses incurred but not reported during...
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Taxation of Corporations and Personal Income in New York

Henry Montefiore Powell - 1919 - 400 pages
..."received" defined. 6. The word "paid" for the purposes of the deductions and credits under this article, means "paid or accrued" or "paid or incurred," and...the basis of which the net income is computed, under this article. The term "received" for the purpose of the computation of net income under this article,...
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Acts of the General Assembly of the State of Alabama

Alabama - 1919
..."paid" for the purpose of the deductions and credits hereinafter provided for with respect to income tax means paid or accrued or paid or incurred, and the...be construed according to the method of accounting on the basis on which the net income is computed under this act. Section 316. IMPOSITION OF INCOME...
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Congressional Serial Set

1919
...under this title, means " paid or accrued " or " paid or incurred." and the terms "paid or incmi'ca" and "paid or accrued" shall be construed according...basis of which the, net in-come is computed under section two hundred and twelve. And the Senate agree' to the same. Amendment numbered 14 : That the...
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