The allowance for depletion under section 23 (m) shall be, in the case of coal mines, 5 per centum, in the case of metal mines, 15 per centum, and, in the case of sulphur mines or deposits, 23 per centum, of the gross income from the property during the... United States Code - Page 3362by United States - 1953Full view - About this book
| United States. Supreme Court - Courts - 1940 - 894 pages
...'That section provided: "In the case of oil and gas wells the allowance for depletion shall be 27 J /2 per centum of the gross income from the property during...income of the taxpayer (computed without allowance for deple-' tion) from the property, except that in no case shall the depletion allowance be less than... | |
| Taxation - 1943 - 1556 pages
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| Taxation - 1967 - 1630 pages
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| United States. Bureau of Internal Revenue - Income tax - 1933 - 452 pages
...per centum, in the case of metal mines, 15 per centum, and, in the case of sulphur mines or deposits, 23 per centum, of the gross income from the property...income of the taxpayer (computed without allowance for depiction) from the property, except that in no case shall the depletion allowance for the taxable... | |
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