 | United States. Court of Claims - Law reports, digests, etc - 1930 - 854 pages
...followed by him." * * * Section 212, above quoted, provides that " the net income of a taxpayer shall be computed upon the basis of the taxpayer's annual...accounting regularly employed in keeping the books of such taxpayer." The plaintiff, as has been stated, used the accrual basis of accounting for the year... | |
 | United States. Court of Claims - Law reports, digests, etc - 1939 - 836 pages
...1926. The revenue acts in force during the taxable years, and prior thereto, provided that net income be computed upon the basis of the taxpayer's annual...accounting period in accordance with the method of Opinion of the Court accounting regularly employed by it in keeping its books, but that if the method... | |
 | Bankruptcy - 1927 - 1070 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; but if no such method of accounting lias been go employed, or if the method employed... | |
 | Lumber - 1919 - 246 pages
...with respect to bookkeeping, I want to read a section of the new revenue law defining net income: "The net income shall be computed upon the basis of the...accounting regularly employed in keeping the books of such taxpayer. Where no such method of accounting has been so employed, or if the method employed does... | |
 | Prentice-Hall Inc, Prentice-Hall, inc - Reference - 1919 - 640 pages
...commercial "net income." This appears from the fact that ordinarily it is to be computed in accordance with the method of accounting regularly employed in keeping the books of the taxpayer. As to the net income of corporations see section 232 and article 531. fl 522. Art. 22.... | |
 | Economics - 1919 - 982 pages
...Revenue for dealing with special cases. For example, "the net income shall be computed ... 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... | |
 | New York (N.Y.). Tax Commission - Taxation - 1919 - 106 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 ; but if no such method of accounting has been so employed, or if the method employed... | |
 | Alabama - Law - 1919 - 1476 pages
...payer'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 tax payer, but if no such method of accounting has been so employed, or if the method employed... | |
 | Henry Montefiore Powell - Corporations - 1919 - 708 pages
...commercial "net income." This appears from the fact that ordinarily it ia to be computed in accordance with the method of accounting regularly employed in keeping the books of the taxpayer. (Reg. 45, Rev. Art. 21.) Computation of net income. reflect the income, the computation... | |
 | National City Company, United States - Internal revenue law - 1919 - 104 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 ; but if no such method of accounting has been so 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... 
