 | United States. Court of Claims, Audrey Bernhardt - 1962 - 964 pages
...membership dues. We do not agree. Section 41 of the Internal Revenue Code of 1939 required that *[t]he net income shall be computed ... in accordance wIth...income, the computation shall be made in accordance with inch method as in the opinion of the Commissioner does clearly reflect the income . . .' The pro rata... | |
 | United States. Court of Claims - 1930 - 854 pages
...and accounts payable for expense incurred. * * * This appears from the fact that ordinarily it is to be computed in accordance with the method of accounting regularly employed in keeping the books of the taxpayer. "ARTICLE 22. Computation of net income. — * * * If the method of accounting regularly... | |
 | 1927 - 1070 pages
...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 reflect the income, the computation shall be made upon such basis and in such manner as in the opinion of the Commissioner does clearly reflect the income."... | |
 | 1919 - 246 pages
...in keeping the books of such taxpayer. Where no such method of accounting has been so employed, or if the method employed does not clearly 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."... | |
 | Robert Hiester Montgomery - 1920 - 1304 pages
...keeping the books."16 unless this "does not clearly reflect the income." LAW. Section 212. (b) The net income shall be computed .... in accordance with...accounting regularly employed in keeping the books of such taxpayer,17 but if no such method of accounting has been so employed, or if the method employed... | |
 | 1919 - 982 pages
...to be made by the Commissioner of Internal Revenue for dealing with special cases. For example, "the net income shall be computed ... in accordance with...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... | |
 | George Edwin Holmes - 1919 - 1052 pages
...receipts and disbursements. Reporting Deductions According to Book Entries. The present law requires that net income shall be computed in accordance with the...accounting regularly employed in keeping the books of a taxpayer ; but if no such method of accounting has been so employed or if the method1 employed... | |
 | Henry Montefiore Powell - 1919 - 708 pages
...statutory "net income" is commercial "net income." This appears from the fact that ordinarily it ia to be computed in accordance with the method of accounting regularly employed in keeping the books of the taxpayer. (Reg. 45, Rev. Art. 21.) Computation of net income. reflect the income, the computation... | |
 | National City Company, United States - 1919 - 104 pages
...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, the computation shall be made upon such basis and in such manner as in the opinion of the Commissioner does clearly reflect the income.... | |
 | Guaranty Trust Company of New York - 1919 - 664 pages
...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, the computation shall be made upon such basis and in such manner as in the opinion of the Commissioner does clearly reflect the income.... | |
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... 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... 
