 The amount of any item of gross income shall be included in the gross income for the taxable year in which received by the taxpayer, unless, under the method of accounting used in computing taxable income, such amount is to be properly accounted for as...  Reports of the Tax Court of the United States - Page 213by United States. Tax Court - 1959Full view - About this book
 | Kentucky - Law - 1948 - 692 pages
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 | Arkansas - Law - 1923 - 910 pages
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 | United States. Court of Claims - Law reports, digests, etc - 1924 - 792 pages
...profit, or gains or profits and income derived from any source whatever. The amount of all such items shall be included in the gross income for the taxable...year in which received by the taxpayer, unless under methods of accounting permitted under subdivision (b) of section 212, any such amounts are to be properly... | |
 | United States. Court of Claims - Law reports, digests, etc - 1929 - 868 pages
...negatived by the language of the statute, section 213, supra, which provides that gains, profits, and income shall be included in the gross income for the taxable year in which received by the taxpayer. Plaintiff's contention is answered in the cases of Merchants Loan <& Trust Co. v. SmvetanJca, 255 US... | |
 | United States. Court of Claims - Law reports, digests, etc - 1928 - 766 pages
...properly accounted for as of a different period." This act is unambiguous. It makes receipts a part of the gross income " for the taxable year in which received by the taxpayer." Plaintiffs can not claim that the dividend received in 1919 accrued in 1916 if testator kept his book... | |
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