Three issues are presented in this suit:
(1) Whether the Commissioner of Internal Revenue has the authority under the provisions of the Revenue Act of 1918 to compute the taxable income of a taxpayer on the basis of the accrual system of accounting, where items accrued but not collected within the year are included in gross income, and, if he has that authority under the act, is it in conflict with the Sixteenth Amendment to the Constitution?
(2) Whether amounts...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.