1925 BTA LEXIS 2740 | B.T.A. | 1925
Lead Opinion
The record in this appeal is far from convincing that taxpayer kept its books of account on thr installment plan basis or that, from the records it did keep, a complete system of installment sales accountancy is susceptible of being evolved. We are far from persuaded that the computations made bv the taxpayer correctly reflect the results obtained under the bookkeeping methods prescribed by article 42 of Regulations 45, as interpreted and modified by Treasury Decision 3082 and subsequent rulings of the Commissioner. However, in view of the fact that our decision
Upon the authority of Todd's Appeal, supra, and Graves' Appeal, 1 B. T. A. 859, the determination of the Commissioner is approved.
