...the case of oil and gas wells the allowance for depletion shall be 27 J /2 per centum of the gross income from the property during the taxable year,...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...

...commencing on the first day percentage, specified in subsection (b), of the gross income from the property excluding from such gross income an amount equal to...of the property. Such allowance shall not exceed 50 percent of the taxpayer's taxable income from the property (computed without allowance for depletion).......

..."the allowance for depletion . . . shall be the percentage ... of the gross income from the property excluding from such gross income an amount equal to...of the property. Such allowance shall not exceed 50 percent of the taxpayer's taxable income from the property (computed without allowance for depletion)."...

...metal mines, 15 per centum, and, in the case of sulphur mines or deposits, 23 per centum, of the gross income from the property during the taxable year,...income of the taxpayer (computed without allowance for depiction) from the property, except that in no case shall the depletion allowance for the taxable...

...metal mines, 15 per centum, and, in the case of sulphur mines or deposits, 23 per centum, of the gross income from the property during the taxable year,...without allowance for depletion) from the property. A taxpayer making his first return under this title in respect of a property shall state whether he...

...In the case of oil and gas wells the allowance for depletion shall be 27Yz per centum of the gross income from the property during the taxable year,...incurred by the taxpayer in respect of the property. . . ." The petitioner says that the amendment was merely clarifying in purpose and declaratory of the...

...metal mines, 15 per centum, and, in the case of sulphur mines or deposits, 23 per centum, of the gross income from the property during the taxable year,...without allowance for depletion) from the property. A taxpayer making his first return under this title in respect of a property shall state whether he...

...metal mines, 15 per centum, and, in the ease of sulphur mines or deposits, 23 per centum, of the gross income from the property during the taxable year,...without allowance for depletion) from the property. A taxpayer making . his first return under this title in respect of a property shall state whether...

...less than it would be if computed without reference to this paragraph. 23 per centum, of the gross income from the property during the taxable year,...without allowance for depletion) from the property. A taxpayer making his first return under this chapter in respect of a property shall state whether...

...metal mines, 15 per centum, and, in the case of sulphur mines or deposits, 23 per centum, of the gross income from the property during the taxable year,...without allowance for depletion) from the property. A taxpayer making his first return under this title in respect of a property shall state whether he...