 | United States. Court of Claims - 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 - 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 - 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... | |
 | 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... | |
 | 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 - 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... | |
 | New York (N.Y.). Tax Commission - 1919 - 106 pages
...income of any taxpayer, inventories shall be taken by such taxpayer upon such basis as the comptroller may prescribe, conforming as nearly as may be to the...commissioner of internal revenue under the act of congress known as the revenue act of nineteen hundred and eighteen. § 357. Net income defined. The term " net... | |
 | Henry Montefiore Powell - 1919 - 708 pages
...income of any taxpayer, inventories shall be taken by such taxpayer upon such basis as the comptroller may prescribe, conforming as nearly as may be to the...commissioner of internal revenue under the act of congress known as the revenue act of nineteen hundred and eighteen. (Source: Fed. Rev. Act 1918, § 203.) Need... | |
 | Alabama - 1919 - 1476 pages
...payer, the inventory shall be taken by such tax payer upon such basis as the State income tax supervisor may prescribe, conforming as nearly as may be to the...most clearly reflecting the income, and conforming as far as may be to the form and method prescribed by the United States commissioner of internal revenue,... | |
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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,... 
