 Receipts of shipowners' mutual protection and Indemnity associations; Dividends from China Trade Act corporations; Compensation of employees of foreign governments. (c) Inventories. — Whenever In the opinion of the Commissioner the use of Inventories...  Reports of the Tax Court of the United States - Page 1066by United States. Tax Court - 1983Full view - About this book
 | United States. Court of Claims - 1929 - 868 pages
...Section 203. " SEC. 203. That whenever in the opinion of the Commissioner the use of inventories is necessary in order clearly to determine the income...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 - 1929 - 762 pages
...income-tax title shall be taken upon the basis determined by the Commissioner of Internal Revenue, as conforming as nearly as may be to the best accounting practice in the trade or business. (Congressional Record, volume 57, part 3, page 2987.) It appears from the above statement of the managers... | |
 | 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... | |
 | 1926 - 1144 pages
...inventories, is as follows: "That whenever in the opinion of the Commissioner the use of inventories is necessary in order clearly to determine the income...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
...inventory shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming as nearly...best accounting practice in the trade or business as most clearly reflecting the income." Now, gentlemen, that feature of the Revenue Act should certainly... | |
 | New York (State). Comptroller's Office - 1919 - 24 pages
...is conditioned that inventories shall be taken upon such bases as the comptroller may prescribe, (a) conforming as nearly as may be to the best accounting practice in the trade or business, (b) most clearly reflecting income and (c) conforming as nearly as practicable to the forms and methods... | |
 | 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... | |
 | Guaranty Trust Company of New York - 1919 - 664 pages
...exchanged. INVENTORIES SEC. 203. That whenever in the opinion of the Commissioner the use of inventories is necessary in order clearly to determine the income...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
...inventories. SEC. 356. Inventory. Whenever in the opinion of the comptroller the use of inventories is necessary in order clearly to determine the income...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... | |
 | George Edwin Holmes - 1919 - 1048 pages
...the Revenue Act of 1918 that whenever in the opinion of the Commissioner the use of inventories is necessary in order clearly to determine the income...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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