 | 1926 - 1180 pages
...follows: " The net income shall be computed upon the basis of the taxpayer's annual accounting period (fiscal year or calendar year, as the case may be)...reflect the income, the computation shall be made in accordance with such method as in the opinion of the Commissioner does clearly reflect the income.... | |
 | United States. Board of Tax Appeals - 1926 - 1508 pages
...taxpayer should make returns in any case " upon the basis of the taxpayer's annual accounting period (fiscal year or calendar year, as the case may be)...regularly employed in keeping the books of such taxpayer." (Section 212 (b).) The Commissioner now contends that the taxpayer is obligated to make a return for... | |
 | Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 pages
...period." That subdivision permits a return "upon the basis of the taxpayer's annual accounting period (fiscal year or calendar year, as the case may be)...with the method of accounting regularly employed in keeping the hooks of such taxpayer; but if no such method of accounting has been so employed, or if... | |
 | Eric Louis Kohler - 1927 - 618 pages
...206. (b) The net income shall be computed upon the basis of the taxpayer's annual accounting period (fiscal year or calendar year, as the case may be)...reflect the income, the computation shall be made in accordance with such method as in the opinion of the Commissioner does clearly reflect the income.... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 pages
...214. (b) The net income shall be computed upon the basis of the taxpayer's annual accounting period (fiscal year or calendar year, as the case may be)...does not clearly reflect the income, the computation sluilt be made upon such basis and in such manner as in the opinion of the commissioner does clearly... | |
 | 1927 - 1158 pages
...••• (b) The net income shall be computed upon the basis of the taxpayer's annual accounting period (fiscal year or calendar year, as the case may be)...employed, or if the method employed does not clearly _ reflect the -income, the computation shall be made upon such basis and in such manposit sufficiently... | |
 | United States. Board of Tax Appeals - 1927 - 1522 pages
...follows : (b) The net Income shall be computed upon the basis of the taxpayer's annual accounting period (fiscal year or calendar year, as the case may be)...with the method of accounting regularly employed In keepinz the books of such taxpayer ; but if no such mefho<l of accounting has been so employed, or... | |
 | Wisconsin - 1927 - 1062 pages
...employed, or if the method used does not clearly reflect, the * * * income taxable under this chapter, the computation shall be made upon such basis and in such manner as in the opinion of the tax commission will clearly reflect such income. (b) The terms "paid" or "actually paid," as used in... | |
 | Wisconsin - 1927 - 1052 pages
...employed, or if the method used does not clearly reflect the * * * income taxable under this chapter, the computation shall be made upon such basis and in such manner as in the opinion of the tax commission will clearly reflect such income. (b) The terms "paid" or "actually paid," as used in... | |
 | United States. Board of Tax Appeals - 1927 - 1530 pages
...25,000.00 100,000.00 50,000.00 | 115,000.00 25,000 137.309.28 136, 836. 35 150. 000. 00 115.000.00 the computation shall be made upon such basis and in such manner as In the opinion of the Commissioner does clearly reflect the income. The taxpayer kept no books. The returns filed show that... | |
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The net income shall be computed upon the basis of the taxpayer's annual accounting period (fiscal year or calendar year, as the case may be) in accordance with the method of accounting regularly employed in keeping the books of such taxpayer; but if... 
