 | Robert Hiester Montgomery - Excess profits tax - 1925 - 1928 pages
...employed does not clearly reflect the income, the computation shall be made in accordance with such method as in the opinion of the Commissioner does clearly reflect the income." If the taxpayer prefers to prepare his income tax return from his cheque book or cash book, no fault will... | |
 | Robert Hiester Montgomery - Excess profits tax - 1927 - 1510 pages
...employed does not clearly reflect the income, the computation shall be made in accordance with such method as in the opinion of the Commissioner does clearly reflect the income." The Commissioner has from time to time attempted to compel taxpayers reporting on the receipt basis... | |
 | Robert Hiester Montgomery - Excess profits tax - 1927 - 1510 pages
...taxable period. Section 212 (b) defines "net income" and states that "if the method [of accounting] employed does not clearly reflect the income, the computation shall be made in accordance with such method as in the opinion of the Commissioner does clearly reflect the income."... | |
 | United States. Board of Tax Appeals - Taxation - 1930 - 1460 pages
...accordance with the method of iiccounting regularly employed in keeping the books of such taxpayer; but if no such method of accounting has been so employed,...clearly reflect the income. If the taxpayer's annual aecouiiting period is other than a fiscal year as defined in section 200 or if the taxpayer has no... | |
 | United States. Congress. Senate. Committee on Appropriations - 1930 - 120 pages
...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,...the commissioner does clearly reflect the income, * * *." The first provision by statute for use of inventories in the determination of income is found... | |
 | United States. Congress. Senate. Appropriations Committee - 1930 - 122 pages
...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,...the commissioner does clearly reflect the income, * * *." The first provision by statute for use of inventories in the determination of income is found... | |
 | United States. Board of Tax Appeals - Taxation - 1930 - 1608 pages
...accordsice with the method of accounting regularly employed in keeping the hooks of -neb taxpayer ; bnt if no such method of accounting has been so employed, or If tl* method employed does not clearly reflect the income, the computation shall be made upon such basis... | |
 | United States. Internal Revenue Service - Income tax - 1931 - 502 pages
...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,...reflect the income, the computation shall be made in accordance with such method as in the opinion of the Commissioner does clearly reflect the Income.... | |
 | Wisconsin - Session laws - 1951 - 782 pages
...• * and 71.10 (10) (d). SECTION 11. 71.11 (8) of the statutes is repealed and recreated to read: upon such basis and in such manner as in the opinion of the department of taxation does clearly reflect the income. SECTION 12. 71.11 (20) (a) of the statutes... | |
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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... 
