 In the case of mines, oil and 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...  Income Tax Procedure - Page 1122by Robert Hiester Montgomery - 1923Full view - About this book
 | United States. Supreme Court - Courts - 1940 - 894 pages
...1932 provided: "In computing net income there shall be allowed as deductions: "(1) Depletion.—In the case of mines, oil and gas wells, other natural deposits,...according to the peculiar conditions in each case; such reasonable allowance in all cases to be made under rules and regulations to be prescribed by the... | |
 | United States. Court of Claims - Law reports, digests, etc - 1937 - 786 pages
...corporation subject to the tax imposed by section 230 there shall be allowed as deductions : ***** (9) In the case of mines, oil and gas wells, other natural deposits,...according to the peculiar conditions in each case, based Opinion of the Court upon cost including cost of development not otherwise deducted: Provided, That... | |
 | United States. Department of Justice - Attorneys general's opinions - 1922 - 710 pages
...corporation subject to the tax imposed by section 230 there shall be allowed as deductions : "(9) In the case of mines, oil and gas wells, other natural deposits,...the case of such properties acquired prior to March 1, 1913, the fair market value of the property (or the taxpayer's interest therein) on that date shall... | |
 | Mineral industries - 1919 - 528 pages
...a reasonable allowance for obsolescence," while with respect to depletion, the law provides, In the case of mines, oil and gas wells, other natural deposits,...That in the case of such properties acquired prior to Mar. 1, 1913, the fair market value of the property (or the taxpayer's interest therein) on that date... | |
 | New York (State). Comptroller's Office - Finance - 1919 - 24 pages
...and (3) by authority of any foreign government. (Section 360, subdivision 3) (i) In general, in the case of mines, oil and gas wells, other natural deposits,...for depletion and for depreciation of improvements in the manner provided by law and according to rules and regulations to be established by the comptroller.... | |
 | United States. Congress. Senate. Committee on Finance - 1918 - 82 pages
...provision. This amendment has already been agreed upon by the committee: t10) ln the case of mines, oll and gas wells, other natural deposits, and timber, a reasonable...improvements, according to the peculiar conditions of each case, based upon cost plus cost of development • l-rorided. That in the case of such properties... | |
 | Chemical industry - 1919 - 344 pages
...such sale shall not exceed 20 per centum of the selling price of «ueh property or interest. In thii case of mines, oil and gas wells, other natural deposits,...the case of such properties acquired prior to March 1, litlS. the fair market value of the property (or the taxpayer's interest therein) on that date shall... | |
 | National City Company, United States - Internal revenue law - 1919 - 104 pages
...refunded to the taxpayer in accordance with the provisions of Section 252 (par. 195) ', 71. (10) In the case of mines, oil and gas wells, other natural deposits,...the case of such properties acquired prior to March 1, 1913, UKfair market value of the property (or the taxpayer's interest therein) on that date shall... | |
 | George Edwin Holmes - Excess profits tax - 1919 - 1052 pages
...credited or refunded to the taxpayer in accordance with the provisions of section 252 ; (10) In the case of mines, oil and gas wells, other natural deposits,...the case of such properties acquired prior to March 1, 1913, the fair market value of the property (or the taxpayer's interest therein) on that date shall... | |
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