installment basis
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 333 U.S. 496 - Commissioner of Internal Revenue v. South Texas Lumber Co · 1948Most cited · 2,076 citing opinions
permits a taxpayer to return as taxable income for a given year only 'that proportion of the installment payments actually received in that year which the gross profit realized or to be realized when payment is completed, bears to the total contract price
How often courts cite the case defining “installment basis”
Court decisions citing the opinion that defined “installment basis” — 2,070 in all, by decade. Counts are citations to the defining case as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.