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" In the case of mines, oil and 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... "
Income Tax Procedure ... - Page 891
by Robert Hiester Montgomery - 1919
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United States Reports: Cases Adjudged in the Supreme Court, Volume 308

United States. Supreme Court - 1940 - 894 pages
...1932 provided: "In computing net income there shall be allowed as deductions: "(1) Depletion.—In the case of mines, oil and gas wells, other natural deposits,...according to the peculiar conditions in each case; such reasonable allowance in all cases to be made under rules and regulations to be prescribed by the...
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 451

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1982 - 1050 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...according to the peculiar conditions in each case; such reasonable allowance in all cases to be made under regulations prescribed by the Secretary. ....
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Cases Decided in the Court of Claims of the United States, Volume 83

United States. Court of Claims - 1937 - 786 pages
...corporation subject to the tax imposed by section 230 there shall be allowed as deductions : ***** (9) In the case of mines, oil and gas wells, other natural deposits,...according to the peculiar conditions in each case, based Opinion of the Court upon cost including cost of development not otherwise deducted: Provided, That...
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Official Opinions of the Attorneys General of the United States: Advising ...

United States. Department of Justice - 1922 - 710 pages
...corporation subject to the tax imposed by section 230 there shall be allowed as deductions : "(9) In the case of mines, oil and gas wells, other natural deposits,...the case of such properties acquired prior to March 1, 1913, the fair market value of the property (or the taxpayer's interest therein) on that date shall...
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Mining and Metallurgy, Issues 154-156

1919 - 528 pages
...a reasonable allowance for obsolescence," while with respect to depletion, the law provides, In the case of mines, oil and gas wells, other natural deposits,...That in the case of such properties acquired prior to Mar. 1, 1913, the fair market value of the property (or the taxpayer's interest therein) on that date...
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State Finances, Volume 3, Issue 6

New York (State). Comptroller's Office - 1919 - 24 pages
...and (3) by authority of any foreign government. (Section 360, subdivision 3) (i) In general, in the case of mines, oil and gas wells, other natural deposits,...for depletion and for depreciation of improvements in the manner provided by law and according to rules and regulations to be established by the comptroller....
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To Provide Revenue for War Purposes: Hearings... on H.R. 12863...

United States. Congress. Senate. Committee on Finance - 1918 - 82 pages
...provision. This amendment has already been agreed upon by the committee: t10) ln the case of mines, oll and gas wells, other natural deposits, and timber, a reasonable...improvements, according to the peculiar conditions of each case, based upon cost plus cost of development • l-rorided. That in the case of such properties...
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Canada; Economic Position and Plans for Development

Guaranty Trust Company of New York - 1919 - 664 pages
...be credited or refunded to the taxpayer hi accordance with the provisions of section 252; (9) In the case of mines, oil and gas wells, other natural deposits,...the case of such properties acquired prior to March 1, 1913, the fair market value of the property (or the taxpayer's interest therein) on that date shall...
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United States Revenue Act, 1918: Annotated and Indexed. Passed, 1919 ...

National City Company, United States - 1919 - 104 pages
...refunded to the taxpayer in accordance with the provisions of Section 252 (par. 195) ', 71. (10) In the case of mines, oil and gas wells, other natural deposits,...the case of such properties acquired prior to March 1, 1913, UKfair market value of the property (or the taxpayer's interest therein) on that date shall...
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Year Book of the Oil, Paint, and Drug Reporter

1919 - 344 pages
...such sale shall not exceed 20 per centum of the selling price of «ueh property or interest. In thii case of mines, oil and gas wells, other natural deposits,...the case of such properties acquired prior to March 1, litlS. the fair market value of the property (or the taxpayer's interest therein) on that date shall...
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