...books of such taxpayer * * *. The amount of all items of gross income shall be included in gross income for the taxable year in which received by the taxpayer, unless, under methods of accounting permitted under section 41, any such amounts are to oe properly accounted for...

...Internal Revenue Code of 1939 provides in part as follows : (n) GENERAL RULE. — The amount of nil items of gross income shall be included In the gross Income...year in which received by the taxpayer, unless under methods of accounting permitted under section 41, any such amounts are to be properly accounted for...

...42. Period in irliii'h Him* of grots income included — (a) General rule. "The amount of all Items of gross income shall be included in the gross income...year in which received by the taxpayer, unless, under methods of accounting permitted under section 41, any such amounts are to be properly accounted for...

...USC (1952 ed.) §42, so far as pertinent, provides : "(a) General Rule — The amount of all items of gross income shall be included in the gross income...year in which received by the taxpayer, unless, under methods of accounting permitted under section 41, any such amounts are to be properly accounted for...

...awards, with certain exceptions not pertinent here. Section 451 of the Code provides, in part, that the amount of any item of gross income shall be included in gross income for the taxable year in which received by the taxpayer, unless, under the method of accounting...

...originally read as follows (69A Stat. 152) : "SEC. 451. GENERAL RULE FOR TAXABLE YEAR OF INCLUSION. "(a) GENERAL RULE. — -The amount of any item of gross...shall be included in the gross income for the taxable yeur in which received by the taxpayer, unless, under the method of accounting used in computing taxable...

...dividends accrue under normal tax treatment. Section 451 (a) of the Code sets forth the general rule that the amount of any item of gross income shall be included in gross income for the taxable year in which received by the taxpayer, unless, under the method of accounting...

...deferred contract arrangement. LAW AND ANALYSIS Section 451 (a) of the Internal Revenue Code provides that the amount of any item of gross income shall be included in gross income for the year in which received by the taxpayer, unless, under the method of accounting...

...annual income from the investments of the trust corpus. Section 45 1 of the Code provides, in part, that the amount of any item of gross income shall be included in gross income for the taxable year in which received by the taxpayer, unless, under the method of accounting...

...the tips are actually received by the employee. Section 451 (a) of the Code provides, in part, that the amount of any item of gross income shall be included in gross income for the taxable year in which received by the taxpayer. However, section 451 (c) provides...