 ... 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 equitably apportioned...  Journal of Accountancy - Page 4551920Full view - About this book
 | Robert Hiester Montgomery - 1920 - 1304 pages
...return should agree exactly with the books. Depletion allowances to lessors. — The 1918 law5 provides that "in the case of leases the deductions allowed...equitably apportioned between the lessor and lessee." The depletion allowance to lessors is fully discussed in the text following. If the lessor is entitled... | |
 | United States. Congress. Senate. Committee on Finance - 1918 - 82 pages
...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...shall be equitably apportioned between the lessor and the lessee. Mr. KEQUA. If it is possible. I should like to comment upon this, with the understanding... | |
 | United States. Congress. Senate. Committee on Finance - 1918 - 660 pages
...nuder 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 equitably upporttoned between the lessor and lessee." THE T,AW AS NOW EXISTING. lu the act of September 8, 191(i... | |
 | United States. Congress. Senate. Committee on Finance - 1918 - 664 pages
...prescribed by the Commissioner with the approval of the Secretary. In the case of leases, the deduction* allowed by this paragraph shall be equitably apportioned between the lessor and lessee." THE LAW AS NOW EXISTING. lu the act of September S, 1916 (now in force). Congress disclosed a clear... | |
 | United States. Internal Revenue Service - 1919 - 168 pages
...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...equitably apportioned between the lessor and lessee. * * * A reasonable deduction for depletion of natural deposits and for depreciation of improvements... | |
 | Henry Montefiore Powell - 1919 - 708 pages
...in all the above cases to be made under rules and regulations to be prescribed by the comptroller. In the case of leases the deductions allowed by this...equitably apportioned between the lessor and lessee. (Source: Fed. Rev. Act 1918, § 214, o-10.) Depletion of mines, oil and gas wells. — A- reasonable... | |
 | New York (N.Y.). Tax Commission - 1919 - 106 pages
...in all the above cases to be made under rules and regulations to be prescribed by the comptroller. In the case of leases the deductions allowed by this...equitably apportioned between the lessor and lessee. 10. Contributions or gifts made within the taxable year to corporations incorporated by, or associations... | |
 | George Edwin Holmes - 1919 - 1052 pages
...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...equitably apportioned between the lessor and lessee; (10) In the case of insurance companies, in addition to the above: (a) The not addition required by... | |
 | National City Company, United States - 1919 - 104 pages
...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...equitably apportioned between the lessor and lessee ; 72. (11) Contributions or gifts made within the taxable year to corporations organized and operated... | |
 | 1919 - 344 pages
...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...equitably apportioned between the lessor and lessee. Perfumes, essences, extracts, toilet waters, cosmetics, a tax of 1 cent for each 25 cents of value... | |
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