 In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance for depletion and for depreciation of improvements, according to the peculiar conditions in each case...  Internal Revenue Bulletin - Page 8by United States. Internal Revenue Service - 1956Full view - About this book
 | United States. Supreme Court - Courts - 1940 - 894 pages
...net income there shall be allowed as deductions: "(1) Depletion.—In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable...regulations to be prescribed by the Commissioner, with the approval of the Secretary. . . ." 'Treasury Regulations 77, Art. 221 (h) provided: '"Net income of... | |
 | United States. Court of Claims - Law reports, digests, etc - 1937 - 786 pages
...imposed by section 230 there shall be allowed as deductions : ***** (9) In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable...according to the peculiar conditions in each case, based Opinion of the Court upon cost including cost of development not otherwise deducted: Provided,... | |
 | Montana - Law - 1947 - 1010 pages
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 | Montana - Law - 1949 - 804 pages
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