 | United States. Tax Court - Law reports, digests, etc - 1943 - 1262 pages
...title shall be taken for the taxable year in which "paid or accrued" or "paid or incurred," dopendont upon the method of accounting upon the basis of which the net income is computed, unless in order to clearly reflect the income the deductions or credits should be taken as of a different... | |
 | United States, Walter Elbert Barton - Gifts - 1944 - 1286 pages
...The deductions and credits (other than the corporation dividends paid credit provided in section 27) provided for in this chapter shall be taken for the...accounting upon the basis of which the net income is coinputed, unless in order to clearly reflect the income the deductions or credits should be taken... | |
 | United States. Congress. Internal Revenue Taxation Joint Committee - 1945 - 350 pages
...SEC. 43. PERIOD FOR WHICH DEDUCTIONS AND CREDITS TAKEN. The deductions and credits * * * provided.for in this chapter shall be taken for the taxable year...upon the basis of which the net income is computed, unless in order to clearly reflect the income the deductions or credits should be taken as of a different... | |
 | Philippines - Administrative law - 1945 - 1064 pages
...provided for in this Title shall be taken for the taxable year in which "paid or accrued" or "paid1 or incurred", dependent upon the method of accounting...upon the basis of which the net income is computed, unless in order to clearly reflect the income the deductions should be taken as of a different period.... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - Income tax - 1946 - 428 pages
...at maturity, sold, or otherwise disposed of. SEC. 43. PERIOD FOR WHICH DEDUCTIONS AND CREDITS TAKEN. The deductions and credits * * * provided for in this...upon the basis of which the net income is computed, unless in order to clearly reflect the income the deductions or credits should be taken as of a different... | |
 | United States. Congress. Senate. Committee on the Judiciary - Labor laws and legislation - 1947 - 904 pages
...corporation dividends paid credit provided in sec. 27) provided for in this chapter [oh. 1, Income Tax] shall be taken for the taxable year in which paid...upon the basis of which the net income is computed, unless in order to clearly reflect the income, the deductions, or credits should be taken as of a different... | |
 | United States. Congress. Senate. Committee on the District of Columbia - 1947 - 1798 pages
...PERIOD FOE WHICH DEDUCTIONS AND CREDITS TAKEN. — The deductions and credits provided for in this Act shall be taken for the taxable year in which "paid...upon the basis of which the net income is computed unless, in order to clearly reflect the income, the deductions or credits should be taken as of a different... | |
 | United States. Tax Court - Law reports, digests, etc - 1947 - 1522 pages
...paid credit provided In section 27) provided for In thla chapter (ball be taken for the taxable Tear In which "paid or accrued" or "paid or Incurred,"...upon the basis of which the net income is computed, unless In order to clear!; reflect the Income the deduction or credits should be taken as of a different... | |
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paid or incurred", dependent upon the method of accounting upon the basis of which the net income is computed, unless in order to clearly reflect the income the deductions or credits should be taken as of a different period. 
