 | National Tax Association - 1921 - 76 pages
...taxpayer, inventories shall be taken by such taxpayer, upon such basis as the tax 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, and conforming so far as may be, to the forms and methods prescribed... | |
 | Irving National Bank, New York - 1921 - 140 pages
...taxpayer, inventories must 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 income, and conforming so far as may be to the forms and methods prescribed... | |
 | Louisiana (State). Assessment and Taxation Commission - 1921 - 294 pages
...taxpayer, inventories shall be taken by such taxpayer, upon such basis as the tax 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, and conforming so far as may be, to the forms and methods prescribed... | |
 | New York (State) - 1921 - 324 pages
...taxpayer, inventories shall be taken by such taxpayer upon such basis as the tax 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, and conforming so far as may be to the forms and methods prescribed... | |
 | Alzada Comstock - 1921 - 258 pages
...taxpayer, inventories shall be taken by such taxpayer, upon such basis as the tax 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, and conforming so far as may be, to the forms and methods prescribed... | |
 | New York (State) - 1921 - 1090 pages
...taxpayer, inventories shall be taken by such taxpayer upon such basis as the tax 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, and conforming so far as may be to the forms and methods prescribed... | |
 | United States - 1922 - 756 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. (Act Nov. 23, 1921, c. 136, § 203, 42 Stat.) § 5519. Net losses. — (a) As used in this section... | |
 | Thomas Conyngton, Robert Joseph Bennett, Paul Whittier Pinkerton - 1922 - 1722 pages
...Commissioner under a section of the law authorizing inventories "upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming...accounting practice in the trade or business and as most dearly reflecting the income." * 1 Sec. 203, Revenue Act of 1021. For an excellent discussion of the... | |
 | Emerson Emanuel Rossmoore - 1922 - 592 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...best accounting practice in the trade or business and aa most clearly reflecting the income." Art. 1581, Regulations 62: "Need of Inventories.—In order... | |
 | James Hinton Pou - 1922 - 1032 pages
...taxpayer, inventories shall be taken by such taxpayer, upon such basis as the commissioner 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... | |
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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,... 
