 | United States. Tax Court - Taxation - 1956 - 1226 pages
...27*4 per centum of the gross Income from the property during the taxable year, excluding from Rucb gross Income an amount equal to any rents or royalties...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... | |
 | United States. Tax Court - Taxation - 1945 - 1364 pages
...— In the case of oil. ana gas wells the allowance for depletion under section 23 (m) shall be 27% per centum of the gross Income from the property during...respect of the property. Such allowance shall not exceed 60 per centum of the net Income of the taxpayer (computed without allowance for depletion) from the... | |
 | United States. Tax Court - Taxation - 1948 - 1184 pages
...— 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...Incurred by the taxpayer In respect of the property. • • • * In the form effective prior to October, 1944, the text was as follows : "(f) 'Gross Income... | |
 | United States. Tax Court - Taxation - 1949 - 1378 pages
...of the gross Income from the property during the taxable year, excluding from such gross Income ao amount equal to any rents or royalties paid or Incurred...not exceed 50 per centum of the net Income of the taxpayei (computed without allowance for depletion) from the property, except that In no case shall... | |
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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... 
