...death. Section 212 (d) of the Revenue Act of 1926 provides that " Under regulations prescribed by the Commissioner with the approval of the Secretary, a...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...

...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...the total profit realized or to be realized when the property is paid for bears to the total contract price. If for any reason the purchaser defaults in...

...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...

...estate dealers 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...

...Regulations 74, is to the effect that in cases of installment sales "the vendor may return as income .... that proportion of the installment payments actually...the total profit realized or to be realized when the property is paid for bears to the total contract price." The definition of an installment sale of real...

...SEC. 44. INSTALMENT BASIS. (a) Dealers in personal property. — Under regulations prescribed by the Commissioner with the approval of the Secretary, a...regularly sells or otherwise disposes of personal be) in accordance with the method of accounting regularly employed in keeping the books of such taxpayer;...

...revenue acts, and, so far as material here, is as follows: (d) Under regulations prescribed by the Commissioner with the approval of the Secretary, a...person who regularly sells or otherwise disposes of persoujil property on the installment plan may return as income therefrom in any taxable year that...

...The right to return income from installment sales in accordance with this method- is extended to any person " who regularly sells or otherwise disposes of personal property on the installment plan." Nothing is found in the provisions of section 212 (d) which can be construed as limiting them, in their...

...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...