 The allowance for depletion under section 23 (m) shall be, in the case of coal mines, 5 per centum, in the case of 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...  Reports of the Tax Court of the United States - Page 30by United States. Tax Court - 1958Full view - About this book
 | United States. Supreme Court - 1940 - 894 pages
...the allowance for depletion shall be 27 J /2 per centum of the gross income from the property during the taxable year, excluding from such gross income...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... | |
 | Eric Louis Kohler - 1927 - 618 pages
...disproportionate to the cost. The depletion allowance based on discovery value provided in this paragraph shall not exceed 50 per centum of the net income of the...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
...disproportionate to the cost. The depletion allowance based on discovery value provided in this paragraph, shall not exceed 50 per centum of the net income of the...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... | |
 | 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 - 1034 pages
...for depletion shrill be 15 per centum of the gross income from the property during the taxable year, such allowance shall not exceed 50 per centum of the net income of the taxpayer (computed without allowances for depletion) from the property, except that in no case shall the depletion allowance be... | |
 | United States. Congress. House. Committee on Ways and Means - 1927 - 1032 pages
...for depletion shall be Jo per centum of the gross income from the property during the taxable year, such allowance shall not exceed 50 per centum of the net income of the taxpayer (computed without allowances for depletion) from the property, except thai in no case shall the depletion allowance be... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 pages
...depletion shall be 27 Yi per centum of the gross income from the property during the taxable year. Such allowance shall not exceed 50 per centum of the net income of the taxpajrer (computed without allowance for depletion) from the property, except that in no case shall... | |
 | United States - 1928 - 268 pages
...disproportionate to the cost. The depletion allowance based on discovery value provided in this paragraph shall not exceed 50 per centum of the net income of the...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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