...law to the practice under the department regulations. Under Chapter 401, a personal income taxpayer who regularly sells or otherwise disposes of personal...payments actually received in that year which the total profit realized, or to be realized when the payment is completed, bears to the total contract...

...law to the practice under the department regulations. Under Chapter 401, a personal income taxpayer who regularly sells or otherwise disposes of personal...payments actually received in that year which the total profit realized, or to be realized when the payment is completed, bears to the total contract...

...provides: (cl) Under regulations prescribed by the Commissioner with the approval of the Secretary, n person who regularly sells or otherwise disposes of...return as income therefrom In any taxable year that proportioii of the installment payments actually received In that year which the total profit realized...

...SEC. 44. INSTALMENT BASIS. (a) Dealers in personal property. — Under regulations prescribed by the Commissioner with the approval of the Secretary, a...regularly sells or otherwise disposes of personal be) in accordance with the method of accounting regularly employed in keeping the books of such taxpayer;...

...accounting period, subject to the provisions of section 226. (d) Under regulations prescribed by the Commissioner with the approval of the Secretary, a...payments actually received in that year which the total profit realized or to be realized when the payment is completed, bears to the total contract...

...installment plan only as and when collected.1 LAW. Section 212. (d) Under regulations prescribed by the Commissioner with the approval of the Secretary, a...the installment payments actually received in that rear which the total profit realized or to be realized when the payment is completed, bears to the...

...installment plan, whether or not title remains in the vendor until the property is fully paid for, may return as income therefrom in any taxable year...installment payments actually received in that year * Previously the gain or loss was total collections minus profits previously returned. Depreciation...

...1208 of the revenue act of 1926 read as follows : "SEC. 212 (d). Under regulations prescribed by the commissioner with the approval of the secretary, a...payments actually received in that year which the total profit realized or to be realized when the payment is completed, bears to the total contract...

...installment plan, whether or not title remains in the vendor until the property is fully paid for, may return as income therefrom in any taxable year...payments actually received in that year which the total or gross profit (that is, sales less cost of goods sold) realized or to be realized when the...

...under the law while he lived. Section 44 (a) and (b), revenue act of 1928, provides: "The taxpayer may return as income therefrom in any taxable year...payment is completed bears to the total contract price." It is discriminatory inasmuch as it imposes an income tax on an involuntary transmission of property...