 The amount of all such items shall be included in the gross income for the taxable year in which received by the taxpayer, unless, under methods of accounting permitted under subdivision (b) of section 212, any such amounts are to be properly accounted...  Reports of the Tax Court of the United States - Page 584by United States. Tax Court - 1984Full view - About this book
 | Robert Hiester Montgomery - 1920
...200 of the statute for definitions of "paid," "paid or accrued," and "paid or incurred."18 All items of gross income shall be included in the gross income for the taxable year in which they are received by the taxpayer, and deductions taken accordingly, unless in order clearly... | |
 | United States. Supreme Court - 1931
...or profits and income derived from any source whatever." The amount of all such items is required to be included in the gross income for the taxable year in which received by the taxpayer, unless they may be properly accounted for on the accrual basis under § 212 (b). See United States v. Anderson,... | |
 | United States. Internal Revenue Service - 1931 - 491 pages
...consistency. See section 48 for definitions of " paid or accrued " and " paid or incurred." All items of gross income shall be included in the gross income for the taxable year in which they are received by the taxpayer, and deductions taken accordingly, unless in order clearly... | |
 | United States. Court of Claims - 1933
...accounting, and in line with the statute above quoted, they did return the profits from this sale ' in the gross income for the taxable year in which received by the taxpayer ', proportioning the profit in accordance with the quoted regulation. Conceding, for the argument,... | |
 | 1959
...general rule for taxable year of inclusion. SEC. 451. General rule for taxable year of inclusion — ;a) General rule. The amount of any item of gross income...taxpayer, unless, under the method of accounting used in ccmputing taxable income, such amount is to be properly accounted for as of a different period. (b)... | |
 | 1974
...general rule for taxable year of inclusion. SEC. 451. General rule for taxable year o) Inclusion — ,a) General rule. The amount of any item of gross Income shall be Included In the gross Income (or the taxable year In which received by the taxpayer, unless, under the method of accounting used... | |
 | 1949
...consistency. See section 48 for definitions of "paid or accrued" and "paid or incurred." All items of gross income shall be Included in the gross income for the taxable year in which they are received by the taxpayer, and deductions taken accordingly, unless in order clearly... | |
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