 | United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1952 - 936 pages
...credit provided in Section 27) provided for in this chapter shall be taken for the taxable year in which "paid or accrued" or "paid or incurred," dependent...be taken as of a different period. In the case of the death of a taxpayer whose net income is computed upon the basis of the accrual method of accounting,... | |
 | United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1957 - 1028 pages
...deductions and credits * * * provided for in this chapter shall be taken for the taxable year in which "paid or accrued" or "paid or incurred", dependent...credits should be taken as of a different period. * * * Plaintiff argues that since payments made by Sharon in 1948 were properly accruable in 1944,... | |
 | United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1955 - 908 pages
...loss deduction for such second preceding taxable year without regard to such net operating loss." 813 'paid or incurred,' dependent upon the method of accounting...credits should be taken as of a different period." Section 48 provides, "When used in this chapter . . . (c) The terms . . . 'Paid or Accrued' shall be... | |
 | United States. Court of Claims - Law reports, digests, etc - 1936 - 940 pages
...statutory provision that "the deductions and credits * * * shall be taken for the taxable year in which ' paid or accrued ' or ' paid or incurred ', dependent...upon the basis of which the net income is computed * * *." If what has been said in respect to the year 1930 presented a complete picture of the case,... | |
 | United States. Court of Claims - Law reports, digests, etc - 1934 - 914 pages
...the method of accounting upon the basis of which the net income is computed under section 212 or 232, unless in order to clearly reflect the income the...credits should be taken as of a different period." The applicable regulation of the Bureau is no. 69, article 134, and reads as follows: " Federal estate... | |
 | United States. Court of Claims - Law reports, digests, etc - 1930 - 854 pages
...incurred,' and the terms ' paid or incurred ' and * paid or accrued ' shall be construed according to the method of accounting upon the basis of which the net income is computed under section 212." " SECTION 212. (b) The net income shall be computed upon the basis of the taxpayer's... | |
 | Robert Hiester Montgomery - Excess profits tax - 1920 - 1304 pages
...or incurred," and the terms "paid or incurred" and "paid or accrued" shall be construed according to the method of accounting upon the basis of which the net income is computed under section 212. If the taxpayer keeps no regular books of account, and if he does keep books, but... | |
 | Guaranty Trust Company of New York - Canada - 1919 - 664 pages
...or incurred," and the terms "paid or incurred" and "paid or accrued" shall be construed according to the method of accounting upon the basis of which the net income is computed under section 212. DIVIDENDS SEC. 201.(a) That the term "dividend" when used in this title (except... | |
 | New York (N.Y.). Tax Commission - Taxation - 1919 - 106 pages
...or incurred," and the terms "paid or incurred" and "paid or accrued" shall be construed according to the method of accounting upon the basis of which the net income is computed, under this article. The term "received" for the purpose of the computation of net income under this... | |
 | Henry Montefiore Powell - Corporations - 1919 - 708 pages
...or incurred," and the terms "paid or incurred" and "paid or accrued" shall be construed according to the method of accounting upon the basis of which the net income is computed, under this article. The term "received" for the purpose of the computation of net income under this... | |
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The deductions and credits provided for in this title shall be taken for the taxable year in which "paid or accrued" or "paid or incurred," dependent upon the method of accounting upon the basis of which the net income is computed, unless in order to... 
