...provides in part as follows: (a) DEALERS ix PERSONAL PROPERTY. — Under regulations prescribed by the Commissioner with the approval of the Secretary, a...actually received in that year which the gross profit is realized or to be realized when payment is completed, bears to the total contract price. • ••«*•«...

...SEC. 44. INSTALLMENT BASIS. (a) DIALERS m PERSONAL PROPERTY. — Under regulations prescribed by the Commissioner with the approval of the Secretary, a...proportion of the Installment payments actually received In tliat year which the gross profit realized or to be realized when payment Is completed, bears to th«...

...provides in part that under the installment basis, there is reportable as income in any taxable year only that proportion of the installment payments actually...payment is completed bears to the total contract price. In the instant case, the selling price is in excess of $1,000 ; the initial payment is less than 30...

...in which the initial payments do not exceed 30 per cent of the selling price, there may be returned as income therefrom in any taxable year that proportion...payment is completed, bears to the total contract price. •The corresponding provisions of tbe Internal Revenue Code of 1954 are found In Mction 453. It has...

...— (a) Dealers in personal property, under regulations prescribed by the Secretary or his delegate, a person who regularly sells or otherwise disposes...completed, bears to the total contract price. (b) Sales of realty and casual sales of personalty — (1) General rule. Income from — (A) A sale or other...

...— (a) Dealers in personal property. Under regulations prescribed by the Secretary or his delegate, a person who regularly sells or otherwise disposes...completed, bears to the total contract price. (b) Sales of realty and casual sales of personalty — (1) General rule. Income from — (A) A sale or other...

...(a) DEALERS IN PERSONAL PROPERTY. — Under regulations prescribed by the Secretary or his delegate, mon salt, and with or without additional coloring...BUTTER. — "Adulterated butter" is defined to mean OF REALTY AND CASUAL SALES OF PERSONALTY. — (1) GENERAL RULE. — Income from — (A) a sale or other...

...PROPERTY. — Under regulations prescribed by the Secretary or his delegate, a person who regularly sellg or otherwise disposes of personal property on the...contract price. (b) SALES or REALTY AND CASUAL SALES or PERSONALTY. — (1) GENERAL ROLE. — Income from — (A) a sale or other disposition of real property,...

...is made in the "carrying charge." Section 453 (a) of the Internal Revenue Code of 1954 provides that a person who regularly sells or otherwise disposes...proportion of the installment payments actually received in 723-*84°— 64 2 that year which the gross profit, realized when payment is completed, bears to the...

...regulations prescribed by the Commissioner with the approval of tbe Secretary, a person who regularly Bella or otherwise disposes of personal property on the...gross profit realized or to be realized when payment la completed, bean to the total contract price. (b) SALES or REALTY AND CASUAL SALES OF PERSONALITY...