 | North Carolina - 1925
...such taxpayer, upon such basis as the Commissioner of Revenue may prescribe, conform- when ordered Ing as nearly as may be to the best accounting practice in the trade or business and most clearly reflecting the income. Basis for determination of gain or loss. Proviso: inventory... | |
 | 1926 - 1132 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." From time to time the Treasury Department has adopted rules... | |
 | United States. Board of Tax Appeals - 1926 - 1508 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 jmd as most clearly reflecting the income. In pursuance of the authority thus conferred upon the Commissioner,... | |
 | 1926 - 666 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 most clearly reflecting income." Acting in pursuance of the authority thereby vested in him, the... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 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. (d) Distributions by corporations. — Distributions by... | |
 | Eric Louis Kohler - 1927 - 618 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... | |
 | Kurt Schmaltz - 1927 - 310 pages
...•Werden, daß sie anerkannten Buchhaltungsgrundsätzen des Geschäftszweiges entspricht (it must conform as nearly as may be to the best accounting practice in the trade or Business) . b) Die Bewertungsmethode muß von Jahr zu Jahr unverändert bleiben, wenn sie einmal festgelegt ist. Auf... | |
 | United States - 1928 - 268 pages
...taxpayer upon such basis as the Commissioner, with the approval of the Secreta.ry, 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. DEDUCTIONS ALLOWED INDIVIDUALS. SEC. 214. (a) In computing... | |
 | United States - 1928 - 1164 pages
...the Secretary, may prescribe as conforming as nearly as §935 Note l TITLE 26.— INTERNAL REVENUE may be to the best accounting practice in the trade or business and as most clearly reflecting the income. (June 2, 1924, 4.01 p. т., с. 234, §205, 43 Stat. 260;... | |
 | Robert Hiester Montgomery - 1923 - 1760 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. The 1918 law for.the first time gave the Commissioner specific... | |
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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,... 
