 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...  United States Code - Page 3315by United States - 1953Full view - About this book
 | Real Estate Board of New York - Income tax - 1920 - 104 pages
...income" means the gross income as denned in section 213, less the deductions allowed by section 214. (b) The net income shall be computed upon the basis of...reflect the income, the computation shall be made upon such basis and in such manner as in the opinion of the Commissioner does clearly reflect the income.... | |
 | United States. Bureau of Internal Revenue - Excess profits tax - 1920 - 346 pages
..." means the gross income as defined in section 213, less the deductions allowed by section 214. (b) The net income shall be computed upon the basis of...reflect the income, the computation shall be made upon such basis and in such manner as in the opinion of the Commissioner does clearly reflect the income.... | |
 | Accounting - 1920 - 502 pages
...1918, applying to individuals, but made applicable to corporations by section 232, provides : "(b) The net income shall be computed upon the basis of...reflect the income, the computation shall be made upon such basis and in such manner as in the opinion of the commissioner does clearly reflect the income.... | |
 | Irving National Bank, New York - 1920 - 150 pages
...income" means the gross income as defined in section 213, less the deductions allowed by section 214. (b) The net income shall be computed upon the basis of...reflect the income, the computation shall be made upon such basis and in such manner as in the opinion of the Commissioner does clearly reflect the income.... | |
 | Income tax - 1920 - 188 pages
...income of a taxpayer less the deductions allowed by this article. § 358. Computation of net income. 1. The net income shall be computed upon the basis of...reflect the income, the computation shall be made upon such basis and in such manner as in the opinion of the comptroller does clearly reflect the income.... | |
 | George Edwin Holmes - Excess profits tax - 1920 - 1186 pages
...income" means the gross income as defined in section 213, less the deductions allowed by section 214. (b) The net income shall be computed upon the basis of...employed does not clearly reflect the income, the compuation shall be made upon such basis and in such manner as in the opinion of the Commissioner does... | |
 | United States - Internal revenue law - 1920 - 1052 pages
...be computed upon the basis computation of -Pit. j. • l i- • l ic. l Ilet '"wmeoi the taxpayers ) by deed executed in contemplation of, or intended...amount receivable by the executor as insurance under upon such basis and in such manner as in the opinion of the Commissioner does clearly reflect the income.... | |
 | Harris, Forbes & Co., New York - 1920 - 110 pages
...upon . , . , , , Fiscal year or the basis of the taxpayer s annual accounting period calendar year (fiscal year or calendar year as the case may be)...reflect the income, the computation shall be made upon such basis and in such manner as in the opinion of the comptroller does clearly reflect the income.... | |
 | United States - Internal revenue law - 1920 - 1064 pages
..."mpntntionot .;,', . 1 . . • it f» i nt't income. of the taxpayer s annual accounting period (nscal t. Print. Off." " Uni upon such basis and in such manner as in the opinion of the Commissioner does clearly reflect the income.... | |
 | United States - Law - 1920 - 1054 pages
...may be) in accordance with the method of accounting regularly employed in keeping the books ot fiucli taxpayer ; but if no such method of accounting has...reflect the income, the computation shall be made upon such basis and in suc-h manner as in the opinion of the Commissioner does clearly reflect the... | |
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