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 shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of the Secretary,... Reports of the Tax Court of the United States - Page 164by United States. Tax Court - 1975Full view - About this book
| United States. Court of Claims - Law reports, digests, etc - 1929 - 868 pages
...is made in accordance with Section 203. " SEC. 203. That whenever in the opinion of the Commissioner the use of inventories is necessary in order clearly...taxpayer, inventories shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming... | |
| United States. Court of Claims - Law reports, digests, etc - 1936 - 940 pages
...Commissioner the use of inventories is necessary in order clearly to determine Opinion of the Court the income of any taxpayer, inventories shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming... | |
| New York Chamber of Commerce - Commerce - 1919 - 784 pages
...— so that the Section, so amended, will read : "That whenever in the opinion of the Commissioner, the use of inventories is necessary in order clearly to determine the income of any tax payer, inventories shall be taken by such tax payer upon such basis as the Commissioner, with the... | |
| Law reports, digests, etc - 1926 - 1144 pages
...6336%c), relative to inventories, is as follows: "That whenever in the opinion of the Commissioner the use of inventories is necessary in order clearly...taxpayer, inventories shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming... | |
| Lumber - 1919 - 246 pages
...War Revenue Law recently enacted, which reads, to-wit : "Whenever in the opinion of the Commissioner the use of inventories is necessary in order clearly to determine the income of any taxpayer, inventory shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of... | |
| United States. Congress. Senate. Committee on Finance - Taxation - 1918 - 660 pages
..."Sic. 302. Iurentorioa. — That whenever in the oiiinion of the commissioner the use of inventories IB necessary in order clearly to determine the income of any taxpayer, inventories shall be taktu by saoh taxpayer upon such' basis as the commissioner, with the approval of the secretary, may... | |
| Guaranty Trust Company of New York - Canada - 1919 - 664 pages
...securities, or property exchanged. INVENTORIES SEC. 203. That whenever in the opinion of the Commissioner the use of inventories is necessary in order clearly...taxpayer, inventories shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming... | |
| Henry Montefiore Powell - Corporations - 1919 - 708 pages
...is embodied in section 356. It reads in part as follows: "Whenever in the opinion of the comptroller the use of inventories is necessary in order clearly...taxpayer, inventories shall be taken by such taxpayer upon such basis as the comptroller may prescribe, conforming as nearly as may be * * * to the forms... | |
| New York (N.Y.). Tax Commission - Taxation - 1919 - 106 pages
...nineteen, if acquired before that date. § 356. Inventory. Whenever in the opinion of the comptroller the use of inventories is necessary in order clearly...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... | |
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