...212 (d) of the Revenue Act of 1926 provides that " Under regulations prescribed by the Commissioner with the approval of the Secretary, a person who regularly...property on the installment plan may return as income tnerefrom in any taxable year that proportion of the installment payments actually received in that...

...Sales of dealers in personal property. — Under regulations prescribed by the Minister of Finance, a person who regularly sells or otherwise disposes...payments actually received in that year which the gross 3756 OFFICIAL GAZETTE 3757 profit realized or to be realized when payment is completed, bears...

...the approval of the Secretary, a person who sells or otherwise disposes of property (whether real or personal property) on the installment plan may return...therefrom in any taxable year that proportion of the instalment payments actually received in that year which the total profit realized or to be realized...

...be abolished by amending section 212(d) to read: " Under regulations prescribed by the commissioner with the approval of the Secretary, a person who regularly sells or otherwise disposes of property on the Installment plan may return as income therefrom in any taxable year that proportion...

...INSTALMENT BASIS. (a) Dealers in personal property. — Under regulations prescribed by the Commissioner with the approval of the Secretary, a person who regularly sells or otherwise disposes of personal be) in accordance with the method of accounting regularly employed in keeping the books of such taxpayer;...

...installment plan, whether or not title remains in the vendor until the property is fully paid for, may return as income therefrom in any taxable year...installment payments actually received in that year * Previously the gain or loss was total collections minus profits previously returned. Depreciation...

...the same in all of these cases, the same rule is uniformly applicable. The rule prescribed is that a person who regularly sells or otherwise disposes of personal property on the installment plan, whether or not title remains in the vendor until the property is fully paid for, may return as income...

...same in all of these cases, the same rule is uniformly applicable. The general rule prescribed is that a person who regularly sells or otherwise disposes of personal property on the installment plan, whether or not title remains in the vendor until the property is fully paid for, may return as income...

...under the law while he lived. Section 44 (a) and (b), revenue act of 1928, provides: "The taxpayer may return as income therefrom in any taxable year...payments actually received in that year which the gross profit realized or to be realized when payment is completed bears to the total contract price."...

...under the law while he lived. Section 44 (a) and (b), revenue act of 1928, provides that: The taxpayer may return as income therefrom in any taxable year...payments actually received in that year which the gross profit realized or to be realized when payment is completed, bears to the total contract price....