 | United States. Supreme Court - Law reports, digests, etc - 1940
...'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... | |
 | United States. Congress. House. Committee on Ways and Means - Internal revenue - 1927 - 1014 pages
...for depletion shall l>e 27% per centum of the gross income from the property daring the taxable year. Such allowance shall not exceed 50 per centum of the...except that in no case shall the depletion allowance be less than it would be if computed without reference to this paragraph. Mr. Caixbheath. As an addition... | |
 | United States - Finance - 1928 - 247 pages
...for depletion shall be 27J^ per centum of the gross income from the property during the taxable year. Such allowance shall not exceed 50 per centum of the...except that in no case shall the depletion allowance be less than it would be if computed without reference to this paragraph. DISTRIBUTIONS BY CORPORATIONS.... | |
 | United States. Internal Revenue Service - Income tax - 1931 - 491 pages
...depletion shall be 27JX> per centum of the gross income from the property during the taxable year. Such allowance shall not exceed 50 per centum of the...except that in no case shall the depletion allowance be less than it would be if computed without reference to this paragraph. ART. 611. Basis for allowance... | |
 | United States. Congress. House. Committee on Ways and Means - 1932 - 1237 pages
...for depletion shall be 275^ per centum of the gross income from the property during the taxable year. Such allowance shall not exceed 50 per centum of the...except that in no case shall the depletion allowance be less than it would be if computed without reference to this paragraph. BRIEF OF THE NATIONAL COAL... | |
 | United States. Congress. House. Committee on Ways and Means - 1932 - 1237 pages
...depletion shall be 27}i §er centum of the gross income from the property during the taxable year, uch allowance shall not exceed 50 per centum of the net...except that in no case shall the depletion allowance be less than it would be if computed without reference to this paragraph." There is attached hereto... | |
 | United States. Supreme Court - Law reports, digests, etc - 1933
...for depletion shall be 27% per centum of the gross income from the property during the taxable year. Such allowance shall not exceed 50 per centum of the...except that in no case shall the depletion allowance be less than it would be if computed without reference to this paragraph." Opinion of the Court. 288... | |
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In the case of oil and gas wells the allowance for depletion under section 23 (m) shall be 27 % per centum of the gross Income from the property during the taxable year, excluding from such gross income an amount equal to any rents or royalties paid or... 
