 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...  Reports of the U.S. Board of Tax Appeals - Page 11by United States. Board of Tax Appeals - 1941Full view - About this book
 | United States. Supreme Court - 1940 - 894 pages
...net income there shall be allowed as deductions: "(1) Depletion.—In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable...regulations to be prescribed by the Commissioner, with the approval of the Secretary. . . ." 'Treasury Regulations 77, Art. 221 (h) provided: '"Net income of... | |
 | United States. Court of Claims - 1937 - 786 pages
...imposed by section 230 there shall be allowed as deductions : ***** (9) In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable...according to the peculiar conditions in each case, based Opinion of the Court upon cost including cost of development not otherwise deducted: Provided,... | |
 | United States. Department of Justice - 1922 - 710 pages
...date of the discovery, or within thirty days thereafter; such reasonable allowance in all the above cases to be made under rules and regulations to be prescribed by the Commissioner with the approval of the Secretary. In the case of leases the deductions allowed by this paragraph shall be... | |
 | 1919 - 528 pages
...obsolescence," while with respect to depletion, the law provides, In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable...according to the peculiar conditions in each case, based upon cost including cost of development not otherwise deducted; provided, That in the case of... | |
 | Robert Hiester Montgomery - 1920 - 1304 pages
...in computing net income there shall be allowed as deductions: .... In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable...improvements, according to the peculiar conditions in eacli case, based upon cost including cost of development not otherwise deducted : Provided, That in... | |
 | New York (State). Comptroller's Office - 1919 - 24 pages
...foreign government. (Section 360, subdivision 3) (i) In general, in the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable...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.... | |
 | United States. Congress. Senate. Committee on Finance - 1918 - 82 pages
...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... | |
 | George Edwin Holmes - 1919 - 1048 pages
...the taxpayer in accordance with the provisions of section 252; (10) In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable...according to the peculiar conditions in each case, based upon cost including cost of development not otherwise deducted: Provided, That in the case of... | |
 | 1919 - 344 pages
...deductions allowed In computing the Income tax are as follows: — in the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable...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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