 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,...  Reports of the United States Tax Court - Page 166by United States. Tax Court - 1975Full 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... | |
 | United States. Court of Claims - 1936 - 940 pages
...Commissioner the use of inventories is necessary in order clearly to determine Opinion of the Court the income of any 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 Chamber of Commerce - 1919 - 784 pages
...— so that the Section, so amended, will read : "That whenever in the opinion of the Commissioner, the use of inventories is necessary in order clearly to determine the income of any tax payer, inventories shall be taken by such tax payer upon such basis as the Commissioner, with the... | |
 | 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... | |
 | 1919 - 246 pages
...War Revenue Law recently enacted, which reads, to-wit : "Whenever in the opinion of the Commissioner the use of inventories is necessary in order clearly to determine the income of any taxpayer, inventory shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of... | |
 | United States. Congress. Senate. Committee on Finance - 1918 - 660 pages
..."Sic. 302. Iurentorioa. — That whenever in the oiiinion of the commissioner the use of inventories IB necessary in order clearly to determine the income of any taxpayer, inventories shall be taktu by saoh taxpayer upon such' basis as the commissioner, with the approval of the secretary, may... | |
 | 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... | |
 | 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... | |
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