 ... gross Income from the property during the taxable year, excluding from such gross Income an amount equal to any rents or royalties paid or incurred by the taxpayer in respect of the property. Such allowance shall not exceed 50 per centum of the net...  Reports of the Tax Court of the United States - Page 669by United States. Tax Court - 1953Full view - About this book
 | United States. Supreme Court - 1940 - 894 pages
...royalties paid or incurred by the taxpayer in respect of the property. Such allowance shall not exceed 50 per centum of the net income of the taxpayer (computed without allowance for deple-' tion) from the property, except that in no case shall the depletion allowance be less than... | |
 | New York (State). Legislature. Assembly - 1926 - 802 pages
...Winters Lewis Rice Witter the property during the taxable year. Such allowance shall not exceed fifty per centum of the net income of the taxpayer (computed...except that in no case shall the depletion allowance be less than it would be if computed without reference to this paragraph." \ Page 2, line 18, insert... | |
 | Harrison B. Spaulding - 1927 - 336 pages
...gross income from the property during the taxable year. The allowance, however, may not exceed 50 % of the net income of the taxpayer (computed without...allowance for depletion) from the property, except that the taxpayer may claim depletion in the ordinary way, ie on the basis of cost, or value as of March... | |
 | United States. Congress. House. Committee on Ways and Means - 1927 - 1032 pages
...cost. The depletion allowance based on discovery value provided in this paragraph shall not exceed 50 per centum of the net income of the taxpayer (computed...without allowance for depletion) from the property upon which the discovery was made, except that in no case shall the depletion allowance be less than... | |
 | Paul-Joseph Esquerré - 1927 - 392 pages
...cost. The depletion allowance based on discovery value provided in this paragraph, shall not exceed 50 per centum of the net income of the taxpayer (computed...without allowance for depletion) from the property upon which the discovery was made, except that in no case shall the depletion be less than it would... | |
 | Eric Louis Kohler - 1927 - 618 pages
...cost. The depletion allowance based on discovery value provided in this paragraph shall not exceed 50 per centum of the net income of the taxpayer (computed...without allowance for depletion) from the property upon which the discovery was made, except that in no case shall the depletion allowance be less than... | |
 | United States. Congress. House. Committee on Ways and Means - 1927 - 1034 pages
...gross income from the property during the taxable year. Such allowance shall not exceed 50 per cent of the net income of the taxpayer (computed without allowance for depletion) from the proiierty, except that in no case shall the depletion allowance be less than it would be if computed... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 pages
...cost. The depletion allowance based on discovery value provided in this paragraph shall not exceed 50 per centum of the net income of the taxpayer (computed without allowance for depiction) from the property upon which the discovery was made, except that in no case shall 60481... | |
 | United States - 1928 - 268 pages
...cost. The depletion allowance based on discovery value provided in this paragraph shall not exceed 50 per centum of the net income of the taxpayer (computed...without allowance for depletion) from the property upon which the discovery was made, except that in no case shall the depletion allowance be less than... | |
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