all events test
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 366 U.S. 380 - United States v. Consolidated Edison Co. of NY · 1961Most cited · 356 citing opinions
the 'touchstone' for determining the year in which an item of deduction accrues is the 'all events' test established by this Court in United States v. Anderson, and since reaffirmed by this Court on numerous occasions, so that it is now a fundamental principle of tax accounting