 ... 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 - 216. lappuseautors: United States. Tax Court - 1989Pilnskats - Par šo grāmatu
 | United States. Court of Claims - 1936 - 940 lapas
...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." The Commissioner has promulgated the following regulations with respect to inventories: " ART. 1581. Need... | |
 | United States. Court of Claims - 1929 - 762 lapas
...income-tax title shall be taken upon the basis determined by the Commissioner of Internal Revenue, as conforming as nearly as may be to the best accounting practice in the trade or business. (Congressional Record, volume 57, part 3, page 2987.) It appears from the above statement of the managers... | |
 | United States. Court of Claims - 1932 - 800 lapas
...eminently practical and we think this is particularly true as to inventories which need only conform to the " best accounting practice in the trade or business and as most clearly reflect the income." Not only do we think good accounting practice would require the exclusion of the... | |
 | New York Chamber of Commerce - 1919 - 784 lapas
...inventories shall be taken by such tax payer 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 net income." The consensus of opinion as expressed by the vote taken by the United States Chamber of... | |
 | 1926 - 1144 lapas
...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." From time to time the Treasury Department has adopted rules relative to inventories, all of them of... | |
 | 1919 - 246 lapas
...inventory shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming as nearly...best accounting practice in the trade or business as most clearly reflecting the income." Now, gentlemen, that feature of the Revenue Act should certainly... | |
 | Robert Hiester Montgomery - 1920 - 1304 lapas
...inventories shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of t is to pay all taxes except betterments." The court...deductible item to the tenant and taxable income to the 1918 law for the first time gave the Commissioner specific authority to require inventories, although... | |
 | New York (State). Comptroller's Office - 1919 - 24 lapas
...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... | |
 | Guaranty Trust Company of New York - 1919 - 664 lapas
...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. NET LOSSES SEC. 204.(a) That as used in this section the term "net loss" refers only to net losses... | |
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