 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. Tax Court - Taxation - 1950 - 1534 pages
...taxpayer's annual accounting period (fiscal year or calendar year, as the case may he) in accordance with the method of accounting regularly employed In...the Commissioner does clearly reflect the Income. If the taxpayer's annual accounting period Is other than a fiscal year as defined in section 48 or... | |
 | United States. Congress. House. Committee on Ways and Means - Corporations - 1950 - 982 pages
...accordance with the method of accounting regularly employed in keeping the books of such taxpayer; * * * or if the method employed does not clearly reflect...the Commissioner does clearly reflect the income." It is very important to understand the deceptiveness of the Treasury regulation referred to by the... | |
 | United States. Congress. House. Committee on Ways and Means - Corporations - 1950 - 982 pages
...accordance with the method of accounting regularly employed in keeping the books of such taxpayer; * * * or if the method employed does not clearly reflect...the Commissioner does clearly reflect the income." It is very important to understand the deceptiveness of the Treasury regulation referred to by the... | |
 | United States. Internal Revenue Service - Tax administration and procedure - 1963 - 1436 pages
...its right to receive payment has not fnllv ripened." Brief for the United States, p. 67. • -SEC. 41. GENERAL RULE. 'The net income shall be computed...the Commissioner does clearly reflect the income. If the taxpayer's annual accounting period Is other than a fiscal year as defined in section 48 or... | |
 | United States. Tax Court - Law reports, digests, etc - 1954 - 1158 pages
...the respondent should have determined 1 SEC. 41. GENERAL, RULE. The net Income shall be computed npon the basis of the taxpayer's annual accounting period...the computation shall be made In accordance -with inch method as In the opinion of the Commissioner does clearly reflect the Income. petitioners' tax... | |
 | United States. Internal Revenue Service - Tax administration and procedure - 1954 - 1182 pages
...taxpayer's annual accounting period (fiscal year or calendar year, as the case may b«) in accordance with the method of accounting regularly employed in...shall be made in accordance with such method as in the epinion of the Commissioner does clearly reflect the income. If the taxpayer's annual accounting period... | |
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