 | United States. Court of Claims, Audrey Bernhardt - 1955 - 908 pages
...different period." Section 48 provides, "When used in this chapter . . . (c) The terms . . . 'Paid or Accrued' shall be construed according to the method...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 is "in... | |
 | United States. Court of Claims - 1930 - 854 pages
...title means ' paid or accrued ' or ' paid or incurred,' and the terms ' paid or incurred ' and * paid or accrued ' shall be construed according to the method...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... | |
 | United States. Court of Claims - 1934 - 914 pages
...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 under section 212 or 232, unless in order to clearly reflect the income the deductions or credits should... | |
 | United States. Court of Claims, Audrey Bernhardt - 1953 - 968 pages
...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... | |
 | United States. Court of Claims - 1928 - 760 pages
...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... | |
 | Robert Hiester Montgomery - 1920 - 1304 pages
...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... | |
 | Henry Montefiore Powell - 1919 - 708 pages
...rests with the principal. (Reg. 45, Rev. Art. 1522.) "Paid," "paid or accrued," "received" defined. 6. The word "paid" for the purposes of the deductions...which the net income is computed under this article. (Source: Fed Rev. Act 1918, § 200. Words in italics new.) See also Deductions. What may be deducted... | |
 | New York (N.Y.). Tax Commission - 1919 - 106 pages
...article, means "paid or accrued" or "paid or incurred," and the terms "paid or incurred" and "paid or accrued" shall be construed according to the method...which the net income is computed, under this article. The term "received" for the purpose of the computation of net income under this article, means "received... | |
 | National City Company, United States - 1919 - 104 pages
...this title, means "paid or accrued" or "paid or incurred," and the terms "paid or incurred" and "paid or accrued" shall be construed according to the method...the basis of which the net income is computed under Section 212 (par. 45-47). DIVIDENDS. 21. SEC. 201. (a) That the term "dividend" when used in this title... | |
 | 1919 - 460 pages
...title, means " paid or accrued " or " paid or incurred." and the terms "paid or incmi'ca" and "paid or accrued" shall be construed according to the method...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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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... 
