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Taxation of Income: North American Oil Case by sujee is a document available to read on EtoBox.

1) The document discusses two separate cases regarding tax treatment of income. The first case involves an oil company that received income in 1916 that was held by a receiver until paid to the company in 1917. The second case involves a taxpayer who received a mistaken bank transfer and the tax treatment of the funds. 2) In the first case, the court ruled the oil company income received in 1917 was taxable in that year, not 1916, because the company was not entitled to receive it until 1917. In the secon

Author

sujee

Language

EN