 | United States. Internal Revenue Service - Tax administration and procedure - 1963 - 1436 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.... | |
 | United States. Internal Revenue Service - Tax administration and procedure - 1954 - 1182 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 epinion of the Commissioner does clearly reflect the income.... | |
 | United States. Tax Court - Law reports, digests, etc - 1954 - 1170 pages
...regularly employed In keeping the books of such taxpayer ; but If no such method of accounting has been KO employed, or If the method employed does not clearly reflect the Income, the computation shall he made In accordance with such method as In the opinion of the Commissioner does clearly reflect the... | |
 | United States. Congress. Senate. Committee on Finance - Finance, Public - 1954 - 1186 pages
...authority with respect to accounting methods. The Commissioner, however, does not present a "method as in the opinion of the Commissioner does clearly reflect the income" '" hut, instead, offers the election of such an accounting method. Tbe question has been raised, as... | |
 | United States. Congress. Senate. Committee on Finance - Taxation - 1954 - 662 pages
...authority with respect to accounting methods. The Commissioner, however, does not present a "method as in the opinion of the Commissioner does clearly reflect the income" t* but, instead, offers the election of such an accounting method. The question has been raised, as... | |
 | United States. Tax Court - Law reports, digests, etc - 1956 - 1232 pages
...the method of accounting regularly employed In keeping the books of such taxpayer ; but If no encb method of accounting has been so employed, or If the...does not clearly reflect the Income, the computation (hall be made In accordance with such method as In the opinion of the Commissioner does clearly reflect... | |
 | United States. Congress. Senate. Select Committee on Small Business - 1956 - 134 pages
...not to current expenses. SPECIAL RULE. If a taxpayer does not regularly employ a method of accounting or if the method employed does not clearly reflect the income, the computation will be made in accordance with such method as in the opinion of the Commissioner does clearly reflect... | |
 | Congress. Internal Revenue Taxation Joint Committee - 1958 - 140 pages
.... in accordance with the method of accounting regularly employed in keeping the books . . . but ... if the method 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. Tax Court - Law reports, digests, etc - 1960 - 1484 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, or if the method employed docs not clearly reflect the Income, the computation shall be made In accordance with such method as... | |
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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... 
