 | United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1962 - 964 pages
...in accordance with the method of accounting regularly employed in keeping the books . . . but . . . if the method employed does not clearly reflect the...of the Commissioner does clearly reflect the income . . . ." 2 The Commissioner of Internal Revenue disallowed the deferral of income from one year to... | |
 | United States. Internal Revenue Service - Income tax - 1924 - 396 pages
...the 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...is other than a fiscal year as defined in section 200 or if the taxpayer has no annual accounting period or does not keep books, the net income shall... | |
 | Irving Bank-Columbia Trust Company - Income tax - 1925 - 152 pages
...the 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...is other than a fiscal year as defined in section 200 or if the taxpayer has no annual accounting period or does not keep books, the net income shall... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - Income tax - 1925 - 580 pages
...income as defined in section 213, less the deductions allowed by sections 21401 and 206.03 SEC. 212. (b) The net income shall be computed upon the basis of...as in the opinion of the Commissioner does clearly SEC. 211. (b) In the case of a bona fide sale of mines, oil or gas wells, or any interest therein,... | |
 | John F. Sherwood - Income tax - 1925 - 206 pages
...in keeping the books of such taxpayer; but if no such method of accounting has been so employed, of if the method employed does not clearly reflect the...is other than a fiscal year as defined in section 200 or if the taxpayer has no airoual accounting period or does not keep books, the net income shall... | |
 | Joseph Henry Beale, Roswell Foster Magill - Taxation - 1926 - 744 pages
...the 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...is other than a fiscal year as defined in section 200 or if the taxpayer has no annual accounting period or does not keep books, the net income shall... | |
 | Electronic journals - 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 Commissioner does clearly reflect the income. . . ." Now it would seem that there is ample statutory authority in these provisions for the Commissioner... | |
 | Eric Louis Kohler - Income tax - 1927 - 618 pages
...the gross income as denned in section 213, less the deductions allowed by sections 214 and 206. (b) The net income shall be computed upon the basis of...is other than a fiscal year as defined in section 200 or if the taxpayer has no annual accounting period or does not keep books, the net income shall... | |
 | United States - Law - 1928 - 1164 pages
...income as defined in section 954 of this title, less the deductions allowed by sections 937 and 955. (b) The net income shall be computed upon the basis of...is other than a fiscal year as defined in section 931 or if the taxpayer has no annual accounting period or does not keep books, the net income shall... | |
 | United States - Finance - 1928 - 268 pages
...with the approval of the Secretary, a person who regularly sells or otherwise disposes of personal be) in accordance with the method of accounting regularly...annual accounting period is other than a fiscal year as denned in section 200 or if the taxpayer has no annual accounting period or does not keep books, the... | |
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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... 
