 | New York (N.Y.). Tax Commission - 1919 - 106 pages
...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 practice in the trade or business and most clearly reflecting the income, and conforming so far as may be to the forms and methods prescribed... | |
 | Guaranty Trust Company of New York - 1919 - 664 pages
...taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming as nearly as may be to the best accounting practice in the trade or business and as most clearly reflecting the income. NET LOSSES SEC. 204.(a) That as used in this section the... | |
 | George Edwin Holmes - 1919 - 1052 pages
...such taxpayer upon such basis as the Commissioner, with the approval of the Secretary may prescribe as conforming as nearly as may be to the best accounting practice in the trade or business and as most clearly reflecting the income,36 and gain or loss is determined in the case of property... | |
 | 1920 - 188 pages
...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 practice in the trade or business and most clearly reflecting the income, and conforming so far as may be to the forms and methods prescribed... | |
 | John F. Sherwood - 1920 - 272 pages
...taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming as nearly as may be to the best accounting practice in the trade or business and as most clearly reflecting the income." Basis of Inventory Valuations. (TD 2609, December 19, 1917.)... | |
 | Real Estate Board of New York - 1920 - 104 pages
...taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming as nearly as may be to the best accounting practice in the trade or business and as most clearly reflecting the income. Net Income Defined — Individuals 3 'Law Sec. 212. (a)... | |
 | Irving National Bank, New York - 1920 - 150 pages
...taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming as nearly as may be to the best accounting practice in the trade or business and as most clearly reflecting the income. Q. My profits for 1919 will be small due to losses sustained... | |
 | United States. Bureau of Internal Revenue - 1920 - 346 pages
...taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming as nearly as may be to the best accounting practice in the trade or business and as most clearly reflecting the income. ART. 1581. Need of inventories. — In order to reflect... | |
 | United States - 1920 - 1054 pages
...taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming as nearly as may be to the best accounting practice in the trade or business and as most clearly reflecting the income. [40 Stat. L. 1060.] SEC. 204. Net losses, (a) That as used... | |
 | United States - 1920 - 1052 pages
...taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as ise duly proven to and as most clearly reflecting the income. !"6~ SEC. 204. (a) That as used in this section the term... | |
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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,... 
