 | New York (State). Legislature - New York (State) - 1928 - 1122 pages
...law to the practice under the department regulations. Under Chapter 401, a personal income taxpayer who regularly sells or otherwise disposes of personal...payments actually received in that year which the total profit realized, or to be realized when the payment is completed, bears to the total contract... | |
 | Robert Hiester Montgomery - Excess profits tax - 1927 - 592 pages
...accounting period, subject to the provisions of section 226. (d) Under regulations prescribed by the Commissioner with the approval of the Secretary, a...payments actually received in that year which the total profit realized or to be realized when the payment is completed, bears to the total contract... | |
 | Robert Hiester Montgomery - Excess profits tax - 1927 - 1510 pages
...installment plan only as and when collected.1 LAW. Section 212. (d) Under regulations prescribed by the Commissioner with the approval of the Secretary, a...the installment payments actually received in that rear which the total profit realized or to be realized when the payment is completed, bears to the... | |
 | United States. Internal Revenue Service - Income tax - 1931 - 502 pages
...SEC. 44. INSTALLMENT BASIS. (a) Dealers in personal property. — Under regulations prescribed by the Commissioner with the approval of the Secretary, a...(b) Sales of realty and casual sales of personalty. — In the case (1) of a casual sale or other casual disposition of personal property (other than property... | |
 | United States. Court of Claims - Law reports, digests, etc - 1931 - 854 pages
...1208 of the revenue act of 1926 read as follows : "SEC. 212 (d). Under regulations prescribed by the commissioner with the approval of the secretary, a...payments actually received in that year which the total profit realized or to be realized when the payment is completed, bears to the total contract... | |
 | United States. Congress. Senate. Committee on Finance - Finance, Public - 1932 - 1476 pages
...under the law while he lived. Section 44 (a) and (b), revenue act of 1928, provides that: The taxpayer may return as income therefrom in any taxable year...payment is completed, bears to the total contract price. It is discriminatory inasmuch as it imposes an income tax on an involuntary transmission of property... | |
 | United States. Congress. House. Committee on Ways and Means - 1932 - 1264 pages
...under the law while he lived. Section 44 (a) and (b), revenue act of 1928, provides: "The taxpayer may return as income therefrom in any taxable year...payment is completed bears to the total contract price." It is discriminatory inasmuch as it imposes an income tax on an involuntary transmission of property... | |
 | United States. Bureau of Internal Revenue - Income tax - 1933 - 452 pages
...Dealers in personal property.—Under regulations prescribed by the Commissioner with the npproval of the Secretary, a person who regularly sells or...completed, bears to the total contract price. (b) Salss of realty and casual sales of personalty.—In the case (1) of a casual sale or other casual... | |
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BASIS. (a) Dealers in personal property. — Under regulations prescribed by the Commissioner with the approval of the Secretary, a person who regularly sells or otherwise disposes of personal property on the installment plan may return as income therefrom... 
