 | United States. Court of Claims - 1936 - 940 pages
...sells or otherwise disposes of personal property on the installment plan may return as income tnerefrom in any taxable year that proportion of the installment...payments actually received in that year which the total profit realized or to be realized when the payment is completed, bears to the total contract... | |
 | Philippines - 1986 - 492 pages
...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 to the... | |
 | United States. Congress. House. Committee on Ways and Means - 1927 - 1032 pages
...disposes of * * • property (whether real or personal property) on the installment plan may return aa income therefrom in any taxable year that proportion...payments actually received in that year which the total profit realized or to be realized when the payment is completed, bears to the total contract... | |
 | Nathan William MacChesney - 1927 - 960 pages
...transactions included in class (1) in article 44 the vendor may return as income from such transactions in any taxable year that proportion of the installment...payments actually received in that year which the total profit realized or to be realized when the property is paid for bears to the total contract price.... | |
 | United States - 1928 - 268 pages
...Secretary, a person who regularly sells or otherwise disposes of personal property on the installment property on the installment plan may return as income...payment is completed, bears to the total contract price. (b) Sales of realty and casual sales of personalty. — In the case (1) of a casual sale or other casual... | |
 | United States. Board of Tax Appeals - 1928 - 1582 pages
...which are embodied in article 42 of Regulations 69, and which, so far as material here, follows.: from In any taxable year that proportion of the installment...payments actually received in that year which the total or gross profit (that is, sales less cost of goods sold) realized or to be realized when the... | |
 | Robert Hiester Montgomery - 1927 - 1510 pages
...transactions included in class (i) in article 44 the vendor may return as income from such transactions in any taxable year that proportion of the installment...payments actually received in that year which the total profit realized or to be realized when the property is paid for bears to the total contract price... | |
 | United States. Internal Revenue Service - 1931 - 502 pages
...transactions included in class (1) in article 352 the vendor may return as income from such transactions in any taxable year that proportion of the installment...payments actually received in that year which the total profit realized or to be realized when the property is paid for bears to the total contract price.... | |
 | United States. Congress. House. Committee on Ways and Means - 1932 - 1264 pages
...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...payment is completed bears to the total contract price." It is discriminatory inasmuch as it imposes an income tax on an involuntary transmission of property... | |
 | United States. Congress. Senate. Committee on Finance - 1932 - 1476 pages
...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...payment is completed, bears to the total contract price. It is discriminatory inasmuch as it imposes an income tax on an involuntary transmission of property... | |
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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 property on the installment plan may return as income therefrom... 
