 Whenever In the opinion of the Commissioner the use of Inventories is necessary in order clearly to determine the Income of any taxpayer, Inventories shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of the Secretary,...  State Taxation of Personal Incomes - Page 224by Alzada Comstock - 1921 - 247 pagesFull view - About this book
 | United States. Court of Claims - Law reports, digests, etc - 1936 - 940 pages
...taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming as nearly as may be to the best accounting practice in the trade or business and as most clearly reflecting the income." The Commissioner has promulgated the following regulations... | |
 | United States. Court of Claims - Law reports, digests, etc - 1929 - 762 pages
...income-tax title shall be taken upon the basis determined by the Commissioner of Internal Revenue, as conforming as nearly as may be to the best accounting practice in the trade or business. (Congressional Record, volume 57, part 3, page 2987.) It appears from the above statement of the managers... | |
 | New York Chamber of Commerce - Commerce - 1919 - 784 pages
...tax payer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming as nearly as may be to the best accounting practice in the trade or business and as most clearly reflecting the net income." The consensus of opinion as expressed by the vote taken... | |
 | Law reports, digests, etc - 1926 - 1144 pages
...taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming as nearly as may be to the best accounting practice in the trade or business and as most clearly reflecting the income." From time to time the Treasury Department has adopted rules... | |
 | Lumber - 1919 - 246 pages
...taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming as nearly as may be to the best accounting practice in the trade or business as most clearly reflecting the income." Now, gentlemen, that feature of the Revenue Act should certainly... | |
 | New York (State). Comptroller's Office - Finance - 1919 - 24 pages
...is conditioned that inventories shall be taken upon such bases as the comptroller may prescribe, (a) conforming as nearly as may be to the best accounting practice in the trade or business, (b) most clearly reflecting income and (c) conforming as nearly as practicable to the forms and methods... | |
 | Guaranty Trust Company of New York - Canada - 1919 - 664 pages
...taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming as nearly as may be to the best accounting practice in the trade or business and as most clearly reflecting the income. NET LOSSES SEC. 204.(a) That as used in this section the term... | |
 | George Edwin Holmes - Excess profits tax - 1919 - 1052 pages
...such taxpayer upon such basis as the Commissioner, with the approval of the Secretary may prescribe as conforming as nearly as may be to the best accounting practice in the trade or business and as most clearly reflecting the income,36 and gain or loss is determined in the case of property acquired... | |
 | National City Company, United States - Internal revenue law - 1919 - 104 pages
...t0 determine basis as the Commissioner, with the approval of the Secretary, may income, prescribe as conforming as nearly as may be to the best accounting practice in the trade or business and as most clearly reflecting the income. NET LOSSES. 32. SEC. 204. (a) That as used in this section the... | |
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