 | North Dakota - 1923 - 634 pages
...taxpayer, inventory shall be taken by such taxpayer upon such basis as the tax commissioner may prescribe, conforming as nearly as may be, to the best accounting practice in the trade or business, and most clearly reflecting income and conforming, as far as may be, to the forms and methods prescribed... | |
 | North Carolina - 1923 - 730 pages
...shall be taken by such taxpayer, upon such Revenue. basis as the Commissioner of Revenue may prescribe, conforming as nearly as may be to the best accounting practice in tlie trade or business and most clearly reflecting the income. SEC. 306. Deductions. In computing net... | |
 | United States. Internal Revenue Service - 1924 - 396 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. necessary in every case in which the production, purchase,... | |
 | Eric Louis Kohler - 1924 - 514 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... | |
 | Mississippi - 1924 - 828 pages
...such taxpayer upon such basis as the commissioner with the approval of the goveinor may prescribe as conforming as nearly as may be to the best accounting practice in the trade or business as most clearly reflecting the income. Net losses. 140 GENERAL LAWS OF THE (b) If for any taxable year... | |
 | John F. Sherwood - 1925 - 206 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. A taxpayer is deemed to have received items of gross income... | |
 | Frederic W. Kilduff - 1925 - 472 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. This section of the law places upon the Commissioner the... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 580 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... | |
 | Wisconsin - 1925 - 796 pages
...any person, inventory shall be taken by such person upon such basis as the commission may prescribe, conforming as nearly as may be to the best accounting practice in the trade or business and most clearly reflecting the income. 71.09 (5) Every executor and administrator shall be assessed... | |
 | Irving Bank-Columbia Trust Company - 1925 - 152 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. 206. (a) 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,... 
