 | United States - Law - 1920 - 1054 pages
...credited or refunded to the taxpayer in accordance with the provisions of section 252 ; (9) In the case of mines, oil and gas wells, other natural deposits,...improvements, according to the peculiar conditions in cacli case, based upon cost including cost of development not otherwise deducted : Provided, That in... | |
 | United States. Internal Revenue Service - Natural gas - 1921 - 256 pages
...his rights and interests therein. DEPRECIATION. Quotation from law. —Section 214 (a) (10) : In the case of mines, oil and gas wells, other natural deposits,...according to the peculiar conditions in each case, based upon cost including cost of development not otherwise deducted * * * shall be * * * made. Definition.... | |
 | Natural gas - 1921 - 542 pages
...event. The provision relating to depletion as contained in the Senate Bill is as follows : (10) "In the case of mines, oil and gas wells, other natural deposits...according to the peculiar conditions in each case, based upon cost including cost of development not otherwise deducted: Provided, That in the case of... | |
 | National City Company - Income tax - 1921 - 104 pages
...disposition of amortizable property, on the ground that normal conditions had not returned. 87 "(10) In the case of mines, oil and gas wells, other natural deposits,...according to the peculiar conditions in each case, based upon cost, including cost of development not otherwise deducted: Provided, That in the case of... | |
 | United States. Congress. Senate. Committee on Manufactures - Coal - 1921 - 1278 pages
..." I SEC. 214. (a) That in computing net income there shall be allowed as deductions:] "(10) In the case of mines, oil and gas wells, other natural deposits,...according to the peculiar conditions in each case, based upon cost, including cost of development not otherwise deducted : ]'rot>ided. That in the fuse... | |
 | United States. Internal Revenue Service - Excess profits tax - 1921 - 348 pages
...credited or refunded to the taxpayer in accordance with the provisions of section 252 ; (9) In the case of mines, oil and gas wells, other natural deposits,...according to the peculiar conditions in each case, based upon cost including cost of development not otherwise deducted : Prorifled. That in tlu> case... | |
 | New York (State) - Session laws - 1921 - 1090 pages
...property used in the trade or business, including a reasonable allowance for obsolescence. 9. In the case of mines, oil and gas wells, other natural deposits...according to the peculiar conditions in each case, based upon cost including cost of development not otherwise deducted; provided, that in the case of... | |
 | New York (State) - Taxation - 1921 - 324 pages
...property used in the trade or business, including a reasonable allowance for obsolescence. 9. In the ease of mines, oil and gas wells, other natural deposits...according to the peculiar conditions in each case, based upon cost including cost of development not Otherwise deducted ; provided, that in the case of... | |
 | Thomas Sewall Adams - Income tax - 1921 - 452 pages
...amortization. The Revenue Act of 1918, Part I, Section 214 (a) (10), reads as follows: In the cases of mines, oil and gas wells, other natural deposits,...according to the peculiar conditions in each case, based upon cost including cost of development not otherwise deducted: PROVIDED, That in the case of... | |
 | United States. Congress. House. Committee on Ways and Means - Finance - 1923 - 256 pages
...be credited or refunded to the taxpayer in accordance with the provisions of section 252; (9) In the case of mines, oil and gas wells, other natural deposits,...according to the peculiar conditions in each case, based upon cost including cost of development not otherwise deducted: Provided, That in the case of... | |
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Depletion. — In the case of mines, oil 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... 
