...title — ****** * The term " paid," for the purposes of the deductions and credits under this title, means " paid or accrued " or " paid or Incurred,"...the basis of which the net income is computed under section 212. Section 212 (b), so far as material, provides as to the method of computing net income...

...the computation of net income under this article, means 'received or accrued' and the term 'received or accrued ' shall be construed according to the method...the basis of which the net income is computed under this article." [2] The meaning of the law seems to be plain. When a taxpayer makes his return according...

...accrued " within the taxable year, and those words are to be construed under section 200 of the Act, according to the method of accounting upon the basis of which the net income is computed under section 212. This Board has also held in the Appeal of Tel-Electric Co., 1 BTA 434, that where the...

...that: • Tbe term "paid," for the purposes of the deductions and credits under this title, inetms " paid or accrued " or " paid or incurred," and the...the basis of which the net Income is computed under section 212. It is significant that the Treasurer of Porto Rico did not accept the $1,528.66 paid to...

...any person required to deduct and withhold any tax under the provisions of section 221 or 237. (d) The terms "paid or incurred" and "paid or accrued"...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 taxable...

...heading "Bases of Computation," article 23 provided that— "In any case in which it is necessary to or incurred' and 'paid or accrued* shall be construed...the basis of which the net income is computed under section 212." Сотр. St. §§ 633бУ 8 а, 6336V 8 f, 6336y 8 oo, бЗЗбУзрр. In the case...

...not admissible. Section 200 declares 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 under § 212. And § 212 provides that net income shall be computed...

...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, unless in order to clearly reflect the income the deductions or credits should be taken as of a different...

...withhold any tax under the provisions of section 962 or 989. Notée TITLE 26.— INTERNAL REVENUE (d) The terms "paid or incurred" and "paid or accrued"...the basis of which the net income is computed under section 953 or 984. The deductions and credits provided for in this chapter shall be taken for the...

...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, unless in order to clearly reflect the income the deductions or credits should be taken as of a different...