 ... 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
 | Rex Frye - 1921 - 350 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. SEC. 204. (a) That as used in this section the term Net losses— "net loss" refers only to net losses... | |
 | United States. Bureau of Internal Revenue - 1921 - 772 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." Section 212(b) provides that — " The net Income shall be computed upon the basis of the taxpayer's... | |
 | United States. Internal Revenue Service - 1921 - 348 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 as may be to the best accounting practice in the tra<le or business and as most clearly reflecting the income. ART. 1581. Need of inventories. — In... | |
 | 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... | |
 | 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... | |
 | 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... | |
 | 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... | |
 | 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... | |
 | 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... | |
 | United States - 1922 - 756 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. (Act Nov. 23, 1921, c. 136, § 203, 42 Stat.) § 5519. Net losses. — (a) As used in this section... | |
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