 | United States. Tax Court - 1957 - 1296 pages
...GENERAL RULE. 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 keeping the booke of such taxpayer ; but If no such method of accounting has been so employed, or If... | |
 | United States. Congress. Senate. Select Committee on Small Business - 1956 - 134 pages
...taxable income must be computed not only on the basis of a fixed accounting period but also in accordance with the method of accounting regularly employed in keeping the books of the taxpayer, provided such method clearly reflects income. . GENERAL RULE. A method of accounting... | |
 | United States. Tax Court - 1958 - 1388 pages
...has not shown, nor •SEC. 41. GENERAL RULE. The net Income shall be computed • * * In accordance with the method of accounting regularly employed In...such taxpayer ; but If no such method of accounting fans been employed, or If the method employed does not clearly reflect the Income, the computation... | |
 | Congress. Internal Revenue Taxation Joint Committee - 1958 - 140 pages
.... in accordance with the method of accounting regularly employed in keeping the books . . . but ... if the method employed does not clearly 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. Tax Court - 1960 - 1484 pages
...GENERAL RULE. 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 has been so employed, or if the method employed docs not clearly reflect the Income, the computation shall be made In accordance with such method as... | |
 | United States. Tax Court - 1961 - 1340 pages
...computed upon the basis of the taxpayer's annual accounting period (fiscal year or calendar year, an the case may be) In accordance with the method of accounting...accounting has been so employed, or If the method employed docs not clearly reflect the Income, the computation Khali be made in accordance with such method as... | |
 | United States. Tax Court - 1961 - 1230 pages
...accordance with the method of accounting regularly employed In keeping the books of such taxpayer ; bat If no such method of accounting has been so employed,...or If the method employed does not clearly reflect Hie Income, the computation shall be made In accordance with such method as In the opinion of the Commissioner... | |
 | United States. Tax Court - 1962 - 1274 pages
...the basis of the taxpayer's annual accounting period (fiscal year or calendar year, as the cnse mny be) In accordance with the method of accounting regularly employed In keeping the books of mch taxpayer ; but If no such method of accounting has been BO employed, or If the method employed... | |
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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... 
