 | United States. Tax Court - 1943 - 1330 pages
...the basis of the taxpayer's annual accounting period (fiscal year or calendar year, as the case muy 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.... | |
 | United States. Tax Court - 1961 - 1354 pages
...period (fiscal year or calendar year, as the case may be) In accordance with the method of mounting regularly employed In keeping the books of such taxpayer...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 - 1945 - 1364 pages
...income shall be computed upon the basis of the taxpayer's annual accounting period * * * in accordance with the method of accounting regularly employed in...employed, or if the method employed does not clearly relleot the income, the computation shall be made in accordance with such method as in the opinion... | |
 | United States. Tax Court - 1956 - 1170 pages
...with the method of accounting regularly employed In keeping the books of such taxpayer; but If no Bueb method of accounting has been so employed, or If the...clearly reflect the Income, the computation shall be nude In accordance with such method as In the opinion of the Commissioner does clearly reflect the... | |
 | United States. Tax Court - 1961 - 1226 pages
...regularly employed in keeping the books of such taxpayer; 6«t if no tvcK method of accounting has teen so employed, or 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 - 1954 - 1200 pages
...income shall be computed upon the basis of the taxpayer's annual accounting period * * * in accordance with the method of accounting regularly employed in...keeping the books of such taxpayer ; but, * * * if the method employed does not clearly reflect the income, the computation shall be made in accordance... | |
 | United States. Tax Court - 1949 - 1378 pages
...23." Section 41 provides as a "General Rule" that "net income shall be computed * * * in accordance with the method of accounting regularly employed in keeping the books of such taxpayer." But obviously such a general rule is not necessarily applicable to special statute-created situations,... | |
 | United States. Tax Court - 1950 - 1144 pages
...accounting r'wl (fiscal year or calendar year, as the case may be) In accordance with the method of Bunting regularly employed in keeping the books of such taxpayer ; but if no such f "hod of accounting has been so employed, or if the method employed does not clearly *°ect the income,... | |
 | United States. Dept. of the Treasury - 1971 - 932 pages
...method of computing depreciation would be approved for Federal income tax purposes, provided it accorded with the method of accounting regularly employed in keeping the books of the taxpayer and resulted in reasonable depreciation allowances and proper reflection of net Income... | |
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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... 
