 The 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...  Federal Income, Estate and Gift Tax Laws, Correlated - Page 140by United States, Walter Elbert Barton - 1944 - 1242 pagesFull view - About this book
 | 1919 - 982 pages
...Revenue for dealing with special cases. For example, "the net income shall be computed ... in accordance with the method of accounting regularly employed in...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."... | |
 | Irving National Bank, New York - 1920 - 150 pages
...income" means the gross income as defined in section 213, less the deductions allowed by section 214. (b) The net income shall be computed upon the basis of...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.... | |
 | United States. Bureau of Internal Revenue - 1920 - 346 pages
..." means the gross income as defined in section 213, less the deductions allowed by section 214. (b) The net income shall be computed upon the basis of...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.... | |
 | 1920 - 188 pages
...income of a taxpayer less the deductions allowed by this article. § 358. Computation of net income. 1. The net income shall be computed upon the basis of...reflect the income, the computation shall be made upon such basis and in such manner as in the opinion of the comptroller does clearly reflect the income.... | |
 | Real Estate Board of New York - 1920 - 104 pages
...income" means the gross income as denned in section 213, less the deductions allowed by section 214. (b) The net income shall be computed upon the basis of...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.... | |
 | 1920 - 502 pages
...1918, applying to individuals, but made applicable to corporations by section 232, provides : "(b) The net income shall be computed upon the basis of...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.... | |
 | George Edwin Holmes - 1920 - 1186 pages
...income" means the gross income as defined in section 213, less the deductions allowed by section 214. (b) The net income shall be computed upon the basis of...employed does not clearly reflect the income, the compuation shall be made upon such basis and in such manner as in the opinion of the Commissioner does... | |
 | United States - 1920 - 1052 pages
...be computed upon the basis computation of -Pit. j. • l i- • l ic. l Ilet '"wmeoi the taxpayers ) by deed executed in contemplation of, or intended...amount receivable by the executor as insurance under upon such basis and in such manner as in the opinion of the Commissioner does clearly reflect the income.... | |
 | Harris, Forbes & Co., New York - 1920 - 110 pages
...upon . , . , , , Fiscal year or the basis of the taxpayer s annual accounting period calendar year (fiscal year or calendar year as the case may be)...reflect the income, the computation shall be made upon such basis and in such manner as in the opinion of the comptroller does clearly reflect the income.... | |
 | United States - 1920 - 1064 pages
..."mpntntionot .;,', . 1 . . • it f» i nt't income. of the taxpayer s annual accounting period (nscal t. Print. Off." " Uni upon such basis and in such manner as in the opinion of the Commissioner does clearly reflect the income.... | |
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