 That 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,...  Internal Revenue Cumulative Bulletin - Page 148by United States. Internal Revenue Service - 1971Full view - About this book
 | United States. Court of Claims - 1929 - 868 pages
...is made in accordance with Section 203. " SEC. 203. That whenever in the opinion of the Commissioner the use of inventories is necessary in order clearly...taxpayer, inventories shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming... | |
 | 1926 - 1144 pages
...6336%c), relative to inventories, is as follows: "That whenever in the opinion of the Commissioner the use of inventories is necessary in order clearly...taxpayer, inventories shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming... | |
 | Henry Montefiore Powell - 1919 - 708 pages
...is embodied in section 356. It reads in part as follows: "Whenever in the opinion of the comptroller the use of inventories is necessary in order clearly...taxpayer, inventories shall be taken by such taxpayer upon such basis as the comptroller may prescribe, conforming as nearly as may be * * * to the forms... | |
 | George Edwin Holmes - 1919 - 1048 pages
...stock or securities exchanged. INVENTORIES Sec. 203. That whenever in the opinion of the Commissioner the use of inventories is necessary in order clearly...taxpayer, inventories shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming... | |
 | New York (N.Y.). Tax Commission - 1919 - 106 pages
...nineteen, if acquired before that date. § 356. Inventory. Whenever in the opinion of the comptroller the use of inventories is necessary in order clearly...taxpayer, inventories shall be taken by such taxpayer upon such basis as the comptroller may prescribe, conforming as nearly as may be to the best accounting... | |
 | Guaranty Trust Company of New York - 1919 - 664 pages
...securities, or property exchanged. INVENTORIES SEC. 203. That whenever in the opinion of the Commissioner the use of inventories is necessary in order clearly...taxpayer, inventories shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming... | |
 | 1920 - 36 pages
...the stock, securities, or property exchanged. INVENTORIES Whenever in the opinion of the Commissioner the use of inventories is necessary in order clearly...taxpayer, inventories shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming... | |
 | Irving National Bank, New York - 1920 - 150 pages
...stock or securities exchanged. Inventories. Sec. 203. That whenever in the opinion of the Commissioner the use of inventories is necessary in order clearly...taxpayer, inventories shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming... | |
 | United States - 1920 - 1052 pages
...amended. ( T. I >. 2903. ) inventories. SEC. 203. That whenever in the opinion of the Commissioner the use of inventories is necessary in order clearly...taxpayer, inventories shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming... | |
 | United States - 1920 - 1054 pages
...exchanged. [40 Stat. L. 1060.] SEC. 203. Inventories. That whenever in the opinion of the Commissioner the use of inventories is necessary in order clearly...taxpayer, inventories shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming... | |
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