Show INSPECTION Of I TAX RETURNS IS 15 AUTHORIZED Coolidge Orders Revenue Revenue Service to Open Files Upon Request of Either Branch of Congress W WASHINGTON ASHINGTON March 15 President Coolidge has issued an I executive order rde directing the bu bureau bu- bu reau reu of Internal revenue to permit permit permit per per- I bu-I mit Inspection of Income and profits tax tm returns by congressional committees upon passage of ofa a resolution by either house I re requesting requesting requesting re- re questing such privilege The The- new order became effective immediately upon promulgation late today Although there was no comment comment com corn ment at f t the treasury where where- the I order and regulations carrying it into were made public It r was generally accepted as having havinga I a bearing on the he oil Industry and play nay lead to an inspection by the senate oil committee of ot the re returns returns returns re- re turns of the Doheny Sinclair and other oil on interests Interest The new bureau regulations ns i ro pro provide r vide that Inspection of zany any any re return return return re- re turn shall be afforded to to- any com committee committee com com- of ot the senate senate- or house of representatives or i Joint committee commit commit- tee of congress of the the United I States by the secretary of the treasury upon application duly made by the chairman of ot such committee pursuant to a resolution resolution tion of congress or either house thereof which shall numerate the particular returns desired Internal revenue records can thus be opened wide by the passage passage passage pas pas- sage of a resolution although the congressional study of the returns must be in secret and the facts ob obtained obtained ob- ob tamed may never be published This phase of the regulations carries carries carries car car- I ries out provisions of the internal revenue act of ot 1921 which prescribes prescribes prescribes pre pre- I scribes a penalty for publication of the source of income profits I losses or expenditures appearing appearing- in any return The executive order was issued under authority conferred by the thelast thelast thelast last four tax laws each of which says Rays the returns may be inspected under regulations approved by the treasury secretary and arid the prel- prel dent S |