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53 Stat accepting administrative admission affirmed agreement allowed Amendment amount answer applied argued attempt bad debt brief capital cause certificates Chapter charge circumstances City claim Commissioner Committee conceal confession Cong Congress considered conspiracy conspirators constitutional contention continuing conviction corporation cost Count Court of Appeals crime criminal decision deduction defendant determination device effect engaged evidence facilities fact Fifth filed further given Government Government's grand jury Grunewald guarantor guaranty Halperin held holding imposed income tax indictment instructions Internal Revenue Code issue JUSTICE limitations loss machines meaning ment nonbusiness objective obligation October operating opinion paid payment period person petitioner petitioner's placed present privilege prosecution provisions question reasons received record result Revenue Act reversed rulings Sess statement statute statute of limitations supra taken taxable taxpayer term theory tion Title trial United wagers witness worthless
Page 47 - 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 court for the collection of such tax may be begun without assessment, at any time.
Page 48 - The amount of all items of gross income shall be included in the gross income for the taxable year in which received by the taxpayer, unless, under methods of accounting permitted under section 41, any such amounts are to be properly accounted for as of a different period.
Page 58 - In the hands of the transferor corporation, and the principal purpose for which such acquisition was made Is evasion or avoidance of Federal Income tax by securing the benefit of a deduction, credit, or other allowance which such person or corporation would not otherwise enjoy, then such deduction, credit, or other allowance shall not be allowed.
Page 49 - ... keep such records, or supply such information, at the time or times required by law or regulations, shall, in addition to other penalties provided by law, be guilty of a misdemeanor and, upon conviction thereof, be fined not more than $10,000, or imprisoned for not more than one year, or both, together with the costs of prosecution.
Page 46 - ... 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 no such method of accounting has been so employed, or if the method employed does not clearly reflect the income...
Page 49 - ... such tax, make such return, keep such records, or supply such information, at the time or times required by law or regulations...
Page 49 - Delivers or discloses to the collector or deputy any false or fraudulent list, return, account, or statement, with intent to defeat or evade the valuation, enumeration, or assessment intended to be made; or, (b) NEGLECT TO OBEY SUMMONS.
Page 93 - An act to provide increased revenue from imports to pay interest on the public debt, and for other purposes.
Page 3 - In the case of an individual, losses sustained during the taxable year and not compensated for by insurance or otherwise — (1) if incurred in trade or business; or (2) if incurred in any transaction entered into for profit, though not connected with the trade or business...