What is CLEARLY REFLECTS THE INCOME? Definition of CLEARLY REFLECTS THE INCOME in Black's Law Dictionary - Legal dictionary - Glossary of legal terms.
Any method of accounting which clearly reflects a reasonable allowance for depreciation. Chicago & N. W. R. Co. v. Commissioner of Internal Revenue, C.C. A.7, 114 F.2d 882, 885.
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That's the definition of CLEARLY REFLECTS THE INCOME in Black's Law Dictionary - Legal dictionary - Glossary of legal terms. Courtesy of Cekhukum.com.
