...to 214, inclusive, and 320 (a) (3) of the Revenue Act of 1918. Section 212 further provides that " the net income shall be computed upon the basis of...accounting regularly employed in keeping the books of such taxpaj'er * * *," and section 200 provides in part that " the term ' paid,' for the purposes of the...

...computed upon the basis of the taxpayer's annual accounting period * * * in accordance with tlie method of accounting regularly employed In keeping the books...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....

...computed upon the basis of the taxpayer's annual accounting period (fiscal year or calendar year, us the case may be) in accordance with the method of accounting...clearly reflect the income, the computation shall be mutle in accordance with such method as in the opinion of Hie Commissioner does clearly reflect the...

...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....

...taxpayer's annual accounting period (fiscal year or calendar year, as the case may bel 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....

...province of the court to weigh and determine the relative merits- of systems of accounting." 1 SBC. 41. GENERAL RULE. The net Income shall be computed...regularly employed in keeping the books of such taxpayer ; hut if no such method of accounting has been so employed, or if the method employed does not clearly...

...or periodical gains, profits, and Income, a tax of * • • per centum of such amount • • •. *SEC. 41. GENERAL RULE. The net Income shall be computed...taxpayer ; but If no such method of accounting has been BO employed, or If the method employed does not clearly reflect the income, the computation shall be...

...West Printing Co. v. Commissioner (CA 8) , 60 F. 2d 749 ; Estate of Cyrus HE Curtis, 36 BTA 899 ; 1 SEC. 41. GENERAL RULE. The net Income shall be computed...keeping the books of such taxpayer; but If no such m«thod of accounting has been so employed, or If the method employed does not clearly reflect the...

...noudeductible expenses of defendants. ' 26 USC "Part IV.—Accounting Periods and Methods of Accounting. § 41. General rule. "The net income shall be computed...regularly employed in keeping the books of such taxpayer; . . ." 62779—53 2 437, 437-438; Remmer v. United Mate*, 20. r > F. 2d 277. 286, judgment vacated...

...Massachusetts Mut. Life Ins. Co. v. ' SEC. 41. GENERAL RULE. Tbe net Income shall be computed upon tbe basis of the taxpayer's annual accounting period (fiscal...employed In keeping the books of such taxpayer; but If no sucb method of accounting has been so employed, or If the method employed does not clearly reflect...