 Receipts of shipowners' mutual protection and Indemnity associations; Dividends from China Trade Act corporations; Compensation of employees of foreign governments. (c) Inventories. — Whenever In the opinion of the Commissioner the use of Inventories...  Reports of the Tax Court of the United States - Page 1066by United States. Tax Court - 1983Full view - About this book
 | New York (State) - 1921 - 324 pages
...1919.) ' § 356. Inventory. Whenever in the opinion of the tax commission the use of inventories is necessary in order clearly to determine the income...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... | |
 | Louisiana (State). Assessment and Taxation Commission - 1921 - 294 pages
...thereof as Sec. ."05. Inventory. Whenever in the opinion of the tax commission the use of inventories is necessary in order clearly to determine the income...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... | |
 | New York (State) - 1921 - 1090 pages
...follows : § 356. Inventory. Whenever in the opinion of the tax commission the use of inventories is necessary in order clearly to determine the income...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... | |
 | United States. Bureau of Internal Revenue - 1921 - 772 pages
...Act of 1918, which reads: That whenever In the opinion of the Commissioner (he use of inventories is necessary in order clearly to determine the income...taxpayer, inventories shall be taken by such taxpayer upon such basis as the Commissioner, with too approval of the Secretary, may prescribe as conforming... | |
 | Irving National Bank, New York - 1921 - 140 pages
...in determining net income? A. Whenever in the opinion of the Comptroller the use of inventories is necessary in order clearly to determine the income of any taxpayer, inventories must be taken by such taxpayer upon such basis as the Comptroller may prescribe, conforming as nearly... | |
 | United States. Bureau of Internal Revenue - 1921 - 778 pages
...Act of 1918. which reads: That whenever in the opinion of the Commissioner the use of inventories is necessary in order clearly to determine the income of any taxpayer, inventories Khali be taken by such taxpayer upon such basis as the Commissioner, with tbe approval of the Secretary,... | |
 | Thomas Conyngton, Robert Joseph Bennett, Paul Whittier Pinkerton - 1922 - 1722 pages
...section of the law authorizing inventories "upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming as nearly...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... | |
 | United States - 1922 - 756 pages
...§ 5518. Inventories. — That whenever in the opinion of the Commissioner the use of inventories is necessary in order clearly to determine the income...taxpayer, inventories shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming... | |
 | James Hinton Pou - 1922 - 1032 pages
...913. Inventories. Whenever in the opinion of the commissioner of revenue the use of inventories is necessary in order clearly to determine the income...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... | |
 | Newfoundland - 1922 - 320 pages
...by the taxpayer. Respecting 21. Whenever, in the opinion of the Minister, the use of inventories is necessary in order clearly to determine the income...taxpayer, inventories shall be taken by such taxpayer, upon such basis as thi Minister may prescribe as conforming as nearly as may be to best accounting... | |
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