 In any case in which a tax is assessed upon the basis of a consolidated return, the total tax shall be computed in the first instance as a unit and shall then be assessed upon the respective affiliated corporations in such proportions as may be agreed...  Journal of Accountancy - Page 2141920Full view - About this book
 | United States. Court of Claims, Audrey Bernhardt - 1951 - 916 pages
...III, and the taxes thereunder shall be computed and determined upon the basis of such return : * * • In any case in which a tax Is assessed upon the basis...basis of the net income properly assignable to each. • • • (b) For the purpose of this section two or more domestic corporations shall be deemed to... | |
 | Godfrey Nicholas Nelson - 1918 - 92 pages
...will be computed in the first instance as a unit upon the basis of the consolidated return and will be assessed upon the respective affiliated corporations in such proportions as may be agreed among them. If no such agreement is made the tax will be assessed upon each such corporation in accordance... | |
 | George Edwin Holmes - 1918 - 260 pages
...will be computed in the first instance as a unit UDOU the basis of the consolidated return and will be assessed upon the respective affiliated corporations in such proportions as may be agreed among them. If no such agreement is made the tax will be assessed upon each such corporation in accordance... | |
 | George Edwin Holmes - 1918 - 260 pages
...will be computed in the first instance as a unit unon the basis of the consolidated return and will be assessed upon the respective affiliated corporations in such proportions as may be agreed among them. If no such agreement is made the tax will be assessed upon each such corporation in accordance... | |
 | National City Company, United States - 1919 - 104 pages
...shall be assessed on the basis of the remaining consolidated invested capital and net income. 178. In any case in which a tax is assessed upon the basis...basis of the net income properly assignable to each. There shall be allowed in computing the income tax only one specific credit of $2,000 (as provided... | |
 | Guaranty Trust Company of New York - 1919 - 664 pages
...group shall be assessed on the basis of the remaining consolidated invested capital and net income. In any case in which a tax is assessed upon the basis...basis of the net income properly assignable to each. There shall be allowed in computing the income tax only one specific credit of $2,000 (as provided... | |
 | George Edwin Holmes - 1919 - 1052 pages
...be assessed on the basis of the remaining consolidated invested capital and net income. In any ease in which a tax is assessed upon the basis of a consolidated...basis of the net income properly assignable to each. There shall be allowed in computing the income tax only one specific credit of $2,000 (as provided... | |
 | 1919 - 460 pages
...consolidated invested capital and net income. In any case in which a tax is assessed upon the baste of a consolidated return, the total tax shall be computed...such agreement, then on the basis of the net income propcrli/ assignable to each. There shall be allowed in computing the income tax only one specific... | |
 | George Edwin Holmes - 1919 - 1048 pages
...group shall be assessed on the basis of the remaining consolidated invested capital and net income. In any case in which a tax is assessed upon the basis...total tax shall be computed in the first instance :1s a unit and shall then be assessed upon the respective affiliated corporations in such proportions... | |
 | Harris, Forbes & co., New York - 1919 - 164 pages
...group shall be ; sessed on the basis of the remaining consolidated invested capital ai net income. In any case in which a tax is assessed upon the basis of a const>! dated return, the total tax shall be computed in the first instance as unit and shall then... | |
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