... 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. Reports of the United States Tax Court - Page 216by United States. Tax Court - 1989Full view - About this book
| George Edwin Holmes - 1919 - 1052 pages
...inventorics shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming as nearly...business and as most clearly reflecting the income. NET LOSSES Sec. 204. (a) That as used in this section the term "net loss" refers only to net losses... | |
| George Edwin Holmes - 1919 - 1048 pages
...inventories shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of the Secretary may prescribe as conforming as nearly...trade or business and as most clearly reflecting the income,36 and gain or loss is determined in the case of property acquired on or after March 1, 1913,... | |
| 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...business and 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,... | |
| 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 (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... | |
| 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... | |
| James Williams Baker - 1920 - 118 pages
...inventories shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming as nearly...business and as most clearly reflecting the income." 62 MERCHABDISE IHVEDTORY, JAHUABY 31, 19 Illustration No. 23, Merchandise in Stock, January 31, Introductory... | |
| United States - 1920 - 1052 pages
...inventories shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of quired to be recorded, or otherwise duly proven to !"6~ SEC. 204. (a) That as used in this section the term '* net loss" refers only to net losses resulting... | |
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