 | United States. Tax Court - 1980 - 1358 pages
...the method of accounting regularly used by the taxpayer in keeping his books, but that if that method does not clearly reflect income, the computation shall...opinion of the Commissioner, does clearly reflect income. Section 1.446-l(a)(2), Income Tax Regs., provides that: A method of accounting which reflects... | |
 | United States. Tax Court - 1962 - 1268 pages
...in keeping the books of such taxpayer" but if that method does not clearly reflect the income then "the computation shall be made in accordance with...the Commissioner does clearly reflect the income." Section 42 provides that all items of gross income shall be included in income under the method of... | |
 | United States. Tax Court - 1945 - 1518 pages
...reflect the income. If the method does not clearly reflect the income "the computation shall be mnde in accordance with such method as in the opinion of the Commissioner does clenrly reflect the income." ID the opinion of the Commissioner such method as clearly reflects the... | |
 | United States. Internal Revenue Service - 1979 - 664 pages
...the taxpayer "does not clearly reflect income, the computation of taxable income shall be made under such method as, in the opinion of the [Commissioner], does clearly reflect income." Regulations promulgated under ยง 446, and in effect for the taxable year 1964, state that... | |
 | United States. Tax Court - 1986 - 1142 pages
...taxpayer or if "the method used does not clearly reflect income," the computation shall be made under such method as, in the opinion of the Commissioner, does clearly reflect income. The term "method of accounting" includes not only the taxpayer's overall method but also the... | |
 | United States. Law Enforcement Assistance Administration - 1976 - 326 pages
...of accounting has been regularly employed or if the method employed does not clearly reflect iruomr, the computation shall be made in accordance with such method as, in the opinion of the Commissioner, dors clearly reflect income.' (2) Omitted income, fictitious deductions, false exemptions, or false... | |
 | United States. Congress. House. Select Committee on Narcotics Abuse and Control - 1977 - 820 pages
...applying the taxpayer's own method of accounting." (4) if no method of accounting has been regularly employed or if the method employed does not clearly...opinion of the Commissioner, does clearly reflect income.3 > 323 Specific item Method of Proving income (1) In a specific item case, the Government tries... | |
 | United States. Congress. Senate. Committee on the Judiciary - 1979 - 976 pages
...method of accounting regularly employed by the taxpayer, but if that method does not clearly reflect the income, "the computation shall be made in accordance with such method as in the opinion of said commissioner does clearly reflect the income." Section 14, in effect during the period involved,... | |
 | United States. Tax Court - 1980 - 892 pages
...method used does not clearly reflect income, the computation of taxable income shall be made under such method as, in the opinion of the [Commissioner], does clearly reflect income. "ae Sec. 1.446-l(aX2), Income Tax Regs., provides, inter alia: A method of accounting which... | |
 | United States - 1939 - 780 pages
...such method of accounting has been so employed, or if the method employed does not clearly reflect the income, the computation shall be made in accordance...the Commissioner does clearly reflect the income. If the taxpayer's annual accounting period is other than a fiscal year as defined in section 48 or... | |
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... in accordance with the method of accounting regularly employed in keeping the books of such taxpayer; but if no such method of accounting has been so employed, or if the method employed does not clearly reflect the income... 
