...death. Section 212 (d) of the Revenue Act of 1926 provides that " Under regulations prescribed by the Commissioner with the approval of the Secretary, a...property on the installment plan may return as income tnerefrom in any taxable year that proportion of the installment payments actually received in that...

...Sales of dealers in personal property. — Under regulations prescribed by the Minister of Finance, a person who regularly sells or otherwise disposes...payments actually received in that year which the gross 3756 OFFICIAL GAZETTE 3757 profit realized or to be realized when payment is completed, bears...

...transactions included in class (1) in article 44 the vendor may return as income from such transactions in any taxable year that proportion of the installment...the total profit realized or to be realized when the property is paid for bears to the total contract price. If for any reason the purchaser defaults in...

...the approval of the Secretary, a person who sells or otherwise disposes of property (whether real or personal property) on the installment plan may return...therefrom in any taxable year that proportion of the instalment payments actually received in that year which the total profit realized or to be realized...

...estate dealers be abolished by amending section 212(d) to read: " Under regulations prescribed by the commissioner with the approval of the Secretary, a...person who regularly sells or otherwise disposes of property on the Installment plan may return as income therefrom in any taxable year that proportion...

...law to the practice under the department regulations. Under Chapter 401, a personal income taxpayer who regularly sells or otherwise disposes of personal...payment is completed, bears to the total contract price. The chapter provides also for returns on the same basis in the case of a casual sale of personal property...

...law to the practice under the department regulations. Under Chapter 401, a personal income taxpayer who regularly sells or otherwise disposes of personal...payment is completed, bears to the total contract price. The chapter provides also for returns on the same basis in the case of a casual sale of personal property...

...a taxpayer may report his income on the installment basis, at his option, and include in income the "proportion of the installment payments actually received...payment is completed bears to the total contract price." The regulations, based on the law and its legislative history, provide that in the period subsequent...

...Regulations 74, is to the effect that in cases of installment sales "the vendor may return as income .... that proportion of the installment payments actually...the total profit realized or to be realized when the property is paid for bears to the total contract price." The definition of an installment sale of real...

...SEC. 44. INSTALMENT BASIS. (a) Dealers in personal property. — Under regulations prescribed by the Commissioner with the approval of the Secretary, a...regularly sells or otherwise disposes of personal be) in accordance with the method of accounting regularly employed in keeping the books of such taxpayer;...