 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...  Reports of the Tax Court of the United States - Page 620by United States. Tax Court - 1961Full view - About this book
 | Irving Bank-Columbia Trust Company - 1925 - 152 pages
...gross income as defined in section 213, less the deductions allowed by sections 214 and 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) in accordance with the method of accounting regularly... | |
 | 1924 - 1096 pages
...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. Actual (235 F.) income was to be taxed — not constructive or hypothetical. The plaintiffs argue that... | |
 | 1926 - 1180 pages
...accounted for as of a different period." The portion of Section 2i2(b) which is pertinent 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 with the method of accounting regularly... | |
 | United States. Board of Tax Appeals - 1926 - 1508 pages
...regulations 45, as amended by TD 2873. The sections of the 1918 act are as follows : SEC. 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 accordance with the method of accounting regularly... | |
 | 1926 - 1038 pages
...taxation. Section 358 of the Tax Law (as amended by Laws 1921, c. 477, § 1) contains the following: "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... | |
 | Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 pages
...gross income as defined in section 213, less the deductions allowed by sections 214 and 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) in accordance with the method of accounting regularly... | |
 | 1927 - 1146 pages
...regularly employed in keeping its books, which was here the accrual method. Section 212(b) requires it to be computed upon the basis of the taxpayer's annual accounting period in accordance with the method regularly employed in keepirig the books when it is a fiscal year as defined in section 200, and that... | |
 | United States. Board of Tax Appeals - 1927 - 1522 pages
...which the net Income Is computed under § 212. And { 212 provides that net income shall be computed on the basis of the taxpayer's annual accounting period in accordance with the method of accounting Kgnlarly employed in keeping the books of the taxpayer. (United States v. Aiukrson, 260 US 422) ; but... | |
 | 1927 - 224 pages
...accounted for as of a different period." The portion of Section 212(b) which is pertinent 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... | |
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