 | North Carolina - 1927 - 800 pages
...318. Basis of return of net income. 1. The net income of a taxpayer shall be computed in accordance with the method of accounting regularly employed in keeping the books of such taxpayers; but if such method does not clearly reflect the income, the computation shall be made in... | |
 | 1927 - 1146 pages
...fiscal year. (1) The Revenue Act of 1918 requires the taxpayer's income to be computed in accordance with the method of accounting regularly employed in keeping the books of the taxpayer and regardless of whether the taxpayer's accounting period is a fiscal year or a calendar... | |
 | 1927 - 224 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) in accordance (21) Such a case is stated In ARR 124, 2 CB 87. with the method of accounting regularly employed in... | |
 | United States - 1928 - 1164 pages
...955. (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 - 1928 - 268 pages
...with the approval of the Secretary, a person who regularly sells or otherwise disposes of personal be) in accordance with the method of accounting regularly...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.... | |
 | Virginia - 1928 - 328 pages
...income of the taxpayer shall be computed upon the basis of the taxpayer's annual accounting period (fiscal year or calendar year, as the case may be)...taxpayer, but if no such method of accounting has been employed, or if the method employed does not clearly reflect the true income of the taxpayer,, the... | |
 | 1928 - 1138 pages
...212. (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)...in keeping the books of such taxpayer; but * * * if the method employed does not clearly reflect the income, the computation shall be made upon such basis... | |
 | United States. Board of Tax Appeals - 1928 - 1582 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)...accounting regularly employed In keeping the books of snch taxpayer ; but if no such method of accounting has been so employed, or If the method employed... | |
 | United States. Court of Claims, Audrey Bernhardt - 1957 - 1100 pages
...Rill,: "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)...taxpayer ; but If no such method of accounting has been BO employed or If the method employed does not clearly reflect the income, the computation shall be... | |
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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... 
