 | Corporation law - 1955 - 1678 pages
[ Sorry, this page's content is restricted ] | |
 | Taxation - 1949 - 1264 pages
[ Sorry, this page's content is restricted ] | |
 | United States. Internal Revenue Service - Tax administration and procedure - 1956 - 1348 pages
...wells. In the case of oil and gas wells th allowance for depletion under section 23 (ml shall be 27% per centum of the gross Income from the property during...respect of the property. Such allowance shall not exceed 80 per centum of the net Income of the taxpayer (eomSuted without allowance for depletion) from the... | |
 | Corporation law - 1956 - 1770 pages
[ Sorry, this page's content is restricted ] | |
 | United States. Tax Court - Law reports, digests, etc - 1957 - 1306 pages
...grade limestone, chemical grade limestone, and potash, 15 per centum, and (IT) In the case of sulfur, 23 per centum, of the gross Income from the property...without allowance for depletion) from the property, except that In no case shall the depletion allowance under section 23 (m) be less than It would be... | |
| |
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... 
