 | United States. Tax Court - Taxation - 1961 - 1354 pages
...there stated that the 1 Section 23 of the Internal Revenue Code of 1939 provides : "In competing net Income there shall be allowed as deductions : "(m)...case ; such reasonable allowance In all cases to be nail* nnder rule* and regulations to be prescribed by the Commissioner, with the approval of the Secretary.... | |
 | United States. Tax Court - Taxation - 1959 - 1470 pages
....produced from the Marquis property and is thus subject to depletion rather than deductible as expense.* •SEC. 23. DEDUCTIONS FROM GROSS INCOME. In computing...and for depreciation of Improvements, accordIng to tbe peculiar conditions In each case ; sucb reasonable allowance In all cases to be made under rules... | |
 | United States. Tax Court - Law reports, digests, etc - 1959 - 1456 pages
...INCOME. In computing net Income there shall be allowed as deductions : • •••••• (MI) DEPLETION. — In the case of mines, oil and gas wells,...reasonable allowance In all cases to be made under rales and regulations to be prescribed by the Commissioner, with the approval of the Secretary. In... | |
 | United States. Internal Revenue Service - Internal revenue - 1981 - 808 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. ..." income from the property." §613(a),... | |
 | United States. Tax Court - Taxation - 1964 - 992 pages
...other natural deposits, and timber, there ehall 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. • • » O £ bonus received for the execution... | |
 | United States. Internal Revenue Service - Forests and forestry - 1975 - 92 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"... | |
 | Administrative law - 1967 - 300 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"... | |
 | Administrative law - 1968 - 292 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"... | |
 | Administrative law - 1972 - 332 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"... | |
 | Administrative law - 1971 - 332 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"... | |
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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... 
