 | United States. Internal Revenue Service - Tax administration and procedure - 1956 - 1348 pages
...Income there shall be allowed as deductions : "(m) Depletion. — In the cnse of mines, oil nnd ens wells, other natural deposits, and timber, a reasonable...regulations to be prescribed by the Commissioner, with the approval of the Secretary. ... In the case of leases the deductions shall be equitably apportioned... | |
 | United States. Tax Court - Taxation - 1956 - 1168 pages
...INCOME. (m) DEPLETION. — In the case of mines, oil and gas wells, other natural deposits, and timber, n reasonable allowance for depletion and for depreciation...regulations to be prescribed by the Commissioner, with the approval of the Secretary. • » • For percentage depletion allowable under this subsection, gee... | |
 | United States. Tax Court - Taxation - 1957 - 1296 pages
...the 1939 Code, as amended,2 which control the rates of percentage depletion for petitioner's product. •SEC. 23. DEDUCTIONS FROM GROSS INCOME. In computing...each case ; such reasonable allowance In all cases to Iw made under rules and regulations to be prescribed by the Commissioner, with the approval of the... | |
 | United States. Tax Court - Law reports, digests, etc - 1957 - 1126 pages
...computing net Income there shall be allowed as deductions : • •«««•« (m) DBPLETION. — In the case of mines, oil and gas wells, other natural deposits,...regulations to be prescribed by the Commissioner, with the approval of the Secretary. • • • For percentage depletion allowable under this subsection, see... | |
 | United States. Tax Court - Taxation - 1957 - 1178 pages
...computing net Income there shall be allowed as deductions : • ••»••• (m) DEPLBTION. — In the case of mines, oil and gas wells, other natural deposits,...reasonable allowance In all cases to be made under rales and regulations to be prescribed by the Commissioner, with the approval of the Secretary. •... | |
 | Administrative law - 1961 - 566 pages
...other natural deposits, and timber, there shall be allowed as a deduction in computing taxable income a reasonable allowance for depletion and for depreciation...reasonable allowance in all cases to be made under regulations prescribed by the Secretary or his delegate. For purposes of this part, the term "mines"... | |
 | United States. Tax Court - Taxation - 1948 - 1184 pages
...discovery value depletion as provided in section 23 (m) and 114 (b) (2) of the Internal Revenue Code.1 1 SEC. 23. DEDUCTIONS FROM GROSS INCOME. In computing...regulations to be prescribed by the Commissioner, with the approval of the Secretary. In any case in which It is ascertained as a result of operations or of development... | |
 | United States. Tax Court - Taxation - 1956 - 1226 pages
...the oil [or coal], to which he 1 SEC. 23. DEDUCTIONS FROM GROSS INCOME. In computing net Income tbere shall be allowed as deductions : • ••••••...regulations to be prescribed by the Commissioner, with the approval of the Secretary. In any case In which It Is ascertained as a result of operations or of development... | |
| |
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... 
