...income Section 200 The term "paid," for the purposes of the deductions and credits under this title, means "paid or accrued" or "paid or incurred," and...the basis of which the net income is computed under section 212. If the taxpayer keeps no regular books of account, and if he does keep books, but on the...

...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...

...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 under section 212 or 232, unless in order to clearly reflect the income the deductions or credits should...

...defines the term " paid " in § 238 as " paid or accrued " or " paid or incurred," and provides that " paid or accrued " shall be construed according to...the basis of which the net income is computed under § 212. Section 212 (b) requires that net taxable income shall be computed "in accordance with the...

...incurred " and " paid or accrued." — The terms " paid or incurred " and " paid or accrued " will be construed according to the method of accounting...upon the basis of which the net income is computed by the taxpayer. (See section 48 (c).) The Art. 341 § 43 111756°— 29- 9 deductions and credits...

...individuals by § 214 (a) (2)4 and to corporations by § 234 (a) (2).5 Section 200 (d)6 enacts that " The terms ' paid or incurred ' and ' paid or accrued...the basis of which the net income is computed under § 212 or 232 . . ." The sections mentioned are those applicable to individuals and to corporations...

...individuals by § 214 (a) (2)* and to corporations by § 234 (a) (2)." Section 200 (d)8 enacts that " The terms ' paid or incurred ' and ' paid or accrued...the basis of which the net income is computed under § 212 or 232 . . ." The sections mentioned are those applicable to individuals and to corporations...

...or incurred " and " paid or accrued."—The terms " paid or incurred " and " paid or accrued " will be construed according to the method of accounting...upon the basis of which the net income is computed by the taxpayer. (See section 48 (c).) The deductions and credits provided for in Title I must be taken...

...year in carrying on any trade or business." The terms "paid or incurred" and "paid or accrued" are construed according to the method of accounting upon the basis of which the net income is computed. (See sec. 48 (c) of the Internal Revenue Code and sec. 29.43rl of Regulations III.) It is held that...

...shall be taken for the taxable year in whk-ti "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...