...Act of 1928 is as follows : SEC. 48. Definitions When used in this title — (a) Taxable year. — "Taxable year" means the calendar year, or the fiscal...the basis of which the net income is computed under this Part. "Taxable year" includes, in the case of a return made for a fractional part of a year under...

...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 or credits should be taken as of...

...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." The Treasury Regulations, 1920 edition, provide as follows : "Airr. 111. When char ges deductible....

...December 31, 1948. Section 48 of the Code defines a "taxable year" as "the calendar year, or the fiscal year * * * upon the basis of which the net income is computed under this Part," which may be for 12 months or a fractional part thereof. The wife's last taxable year ended...

...estates. The terms "taxable year" and "fiscal year" are defined in the law as follows : LAW. Section 200 The term ''taxable year" means the calendar year,...such calendar year, upon the basis of which the net inconie is computed under section 212 or section 232. The term "fiscal year" means an accounting period...

...deemed to exclude other units otherwise included within such words. 4. The words "taxable year" mean the calendar year, or the fiscal year ending during...the basis of which the net income is computed under this article. The words "fiscal year" mean an accounting period of twelve months, ending on the last...

...approved February 24, 1919. The term "cash" means any legal tender, negotiable paper or solvent credit. The term "taxable year" means the calendar year or...during such calendar year upon the basis of which net income is computed. The term "fiscal year" means an accounting period of twelve months ending on...

...deemed to exclude other units otherwise included within such words. 4. The words "taxable year" mean the calendar year, or the fiscal year ending during...upon the basis of which the net income is computed Tinder this article. The words "fiscal year" mean an accounting period of twelve months, ending on...

...taxpayer must make his return on the basis (fiscal 4 Revenue Act of 1918, §§ 224 and 239. The terra "taxable year" means the calendar year, or the fiscal...during such calendar year, upon the basis of which net income is computed. 6 Reg. 45, Art. 25. 6 Revenue Act of 1918, § 200. 7 Revenue Act of 1918, §...

...manner \n which such expenses, losses and deductions were allocated or distributed.28 Taxable Year. The term "taxable year" means the calendar year or the fiscal year ending during such calondar year, upon the basis of which the net income is computed for the purpose of the income tax....