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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... "
New York State Personal Income Tax Law: Summary and Text of Law. List of ... - Page 77
by Harris, Forbes & Co., New York - 1920 - 102 pages
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Laws of the State of New York, Volume 1

New York (State) - Session laws - 1935
...shall be computed on the basis of the calendar year. Such net income shall be computed in accordance with the method of accounting regularly employed in...the computation shall be made upon such basis and in sucli manner as in the opinion of the tax commission docs clearly reflect the income. In the case of...
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Cases Decided in the United States Court of Claims ... with ..., Volume 122

United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1952
...BULB. — 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)...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....
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Cases Decided in the United States Court of Claims, Volumes 55-62

United States. Court of Claims - Law reports, digests, etc - 1927
...accordance with the method of accounting regularly employed in keeping the books of such taxpayer ; out if no such method of accounting has been so employed,...basis and in such manner as in the opinion of the commissioner does clearly reflect the income. If the taxpayer's annual accounting period is other than...
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Cases Decided in the United States Court of Claims, Volume 67

United States. Court of Claims - Law reports, digests, etc - 1929
...accordance with the method of accounting regularly employed in keeping the books of such taxpayer; * * * or if the method employed does not clearly reflect...basis and in such manner as in the opinion of the commissioner does clearly reflect the income * * *." It seems clear that the company's method of bookkeeping...
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Cases Decided in the United States Court of Claims, Volume 78

United States. Court of Claims - Law reports, digests, etc - 1934
...212. (b) 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)...regularly employed in keeping the books of such taxpayer ; * * *." " SEC. 200. (d) The terms ' paid or incurred ' and ' paid or accrued ' shall be construed...
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Cases Decided in the United States Court of Claims, Volume 69

United States. Court of Claims - Law reports, digests, etc - 1930
...(b) The net income shall be computed upon the basis of the taxpayer's annual accounting period (hscal year or calendar year, as the case may be) in accordance...regularly employed in keeping the books of such taxpayer. The applicable regulations of the Treasury Department promulgated April 17, 1919 (Regulations No. 45)...
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Cases Decided in the United States Court of Claims ... with ..., Volume 149

United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1962
...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...
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Cases Decided in the United States Court of Claims ... with ..., Volume 131

United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1955
...which it employs. Section 41 states the general rule that net income shall be computed "in accordance with the method of accounting regularly employed in keeping the books" of the taxpayer. Section 43 provides that deductions and credits may be taken "for the taxable year in...
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Income Tax Procedure

Robert Hiester Montgomery - Excess profits tax - 1920
...clearly reflect the income." LAW. Section 212. (b) The net income shall be computed .... in accordance with the method of accounting regularly employed in keeping the books of such taxpayer,17 but if no such method of accounting has been so employed, or if the method employed does...
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The American Economic Review, Volume 9

Economics - 1919
...Revenue for dealing with special cases. For example, "the net income shall be computed ... in accordance with the method of accounting regularly employed in...basis and in such manner as in the opinion of the Commissioner does clearly reflect the income." The greatest power given to him is in the section dealing...
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