 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
 | United States - Law - 1922 - 756 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.... | |
 | Irving Bank. Columbia Trust Company - Income tax - 1923 - 148 pages
...iccounting period (fiscal year or calendar year, as the case may be) in accordance nith the method of accounting regularly employed in keeping the books...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. 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...the Commissioner does clearly reflect the income. If the taxpayer's annual accounting period is other than a fiscal year as defined in section 200 or... | |
 | United States - Finance - 1924 - 260 pages
..." 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.... | |
 | Eric Louis Kohler - Accounting - 1924 - 514 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.... | |
 | 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...the Commissioner does clearly reflect the income. If the taxpayer's annual accounting period is other than a fiscal year as defined in section 200 or... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - Income tax - 1925 - 580 pages
...gross income as defined in section 213, less the deductions allowed by section 214.04 SEC. 212. (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 by which the net income exceeds... | |
 | Law reports, digests, etc - 1924 - 1090 pages
...1921, shall be the calendar year 1921 or any fiscal year ending during the calendar year 1921." "(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.... | |
 | 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...the Commissioner does clearly reflect the income. If the taxpayer's annual accounting period is other than a fiscal year as defined in section 200 or... | |
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