 | National City Company, United States - 1919 - 104 pages
...upon such sary t0 determine basis as the Commissioner, with the approval of the Secretary, may income, prescribe as conforming as nearly as may be to the...as most clearly reflecting the income. NET LOSSES. 32. SEC. 204. (a) That as used in this section the term "net loss" "Net lost" defined, refers only... | |
 | 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... | |
 | Alabama - 1919 - 1476 pages
...shall be taken by such tax payer upon such basis as the State income tax supervisor 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 as far as may be to the form and method prescribed... | |
 | Henry Montefiore Powell - 1919 - 708 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... | |
 | New York (State) - 1919 - 520 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... | |
 | Harris, Forbes & co., New York - 1919 - 164 pages
...such taxpayer upon sud •asis as the Commissioner, with the approval of the Secretary, may precribe as conforming as nearly as may be to the best accounting practice a the trade or business and as most clearly reflecting the income. Net Losses. Sec. 204(a). That as... | |
 | Real Estate Board of New York - 1920 - 104 pages
...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...business and as most clearly reflecting the income. Net Income Defined — Individuals 3 'Law Sec. 212. (a) That in the case of an individual the term "net... | |
 | United States - 1920 - 1052 pages
...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...business and as most clearly reflecting the income. !"6~ SEC. 204. (a) That as used in this section the term '* net loss" refers only to net losses resulting... | |
 | United States - 1920 - 1064 pages
...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...business and as • most clearly reflecting the income. DrfDittion!OS5es~ SEC- 204- (») That as used in this section the term " net loss " refers only to... | |
 | United States. Bureau of Internal Revenue - 1920 - 346 pages
...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...business and as most clearly reflecting the income. ART. 1581. Need of inventories. — In order to reflect the net income correctly, inventories at the... | |
| |
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,... 
