 In the case of oil and gas wells the allowance for depletion under section 23 (m) shall be 27% per centum of the gross income from the property during the taxable year, excluding from such gross income an amount equal to any rents or royalties paid or...  Reports of the Tax Court of the United States - Page 25by United States. Tax Court - 1951Full view - About this book
 | United States. Bureau of Internal Revenue - 1933 - 452 pages
...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 income of the taxpayer (computed without allowance... | |
 | United States, United States. Congress. House. Committee on Ways and Means - 1936 - 308 pages
...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 income of the taxpayer (computed without allowance... | |
 | United States. Internal Revenue Service - 1936 - 604 pages
...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 income of the taxpayer (computed without allowance... | |
 | United States. Congress. Senate. Committee on Finance - 1939 - 780 pages
...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 income of the taxpayer (computed without allowance... | |
 | United States. Congress Internal Revenue Taxation Joint Committee - 1938 - 700 pages
...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 income of the taxpayer (computed without allowance... | |
 | 1939 - 1030 pages
...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 income of the taxpayer (computed without allowance... | |
 | 1941 - 1688 pages
...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 Income of the taxpayer (computed without allowance... | |
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