 | United States - 1921 - 642 pages
...deduction originally allowed was incorrect, the income, war-profits, and excess-profits INCOMI TAI. amount of tax due upon such redetermination, if any,...any, shall be credited or refunded to the taxpayer in accord1 ance with the provisions of section 252 ; ber£ie?cs'°llwells'tlm" (9) In the case of mines,... | |
 | Rex Frye - 1921 - 350 pages
...affected, and the amount of tax due upon such redetermination, if any, shall be paid by the taxpayer upon notice and demand by the collector, or the amount...to the taxpayer in accordance with the provisions Bond to be given by taxpayer. Evidence. Individual returns. Partnership returns. of section 252. In... | |
 | John F. Sherwood - 1921 - 282 pages
...occurs in connection with the mine itself because the coal is actually being removed and sold. In the case of mines, oil and gas wells, other natural deposits...and timber, a reasonable allowance for depletion and depreciation of improvements will be allowed according to the peculiar conditions in each case, based... | |
 | Alzada Comstock - 1921 - 260 pages
...allowance for the depreciation and obsolescence of property used in the trade or business; and, in the case of mines, oil and gas wells, other natural deposits,...and timber, a reasonable allowance for depletion; Provided, That in computing the deductions allowed under this paragraph, the basis shall be the cost... | |
 | National Tax Association - 1921 - 76 pages
...allowance for the depreciation and obsolescence of propertyused in the trade or business; and, in the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance for depletion ; Provided, That in computing the deductions allowed under this paragraph, the basis shall be the cost.... | |
 | Louisiana (State). Assessment and Taxation Commission - 1921 - 294 pages
...allowance for the depreciation and obsolescence of property used in the trade or business; and, in the case of mines, oil and gas wells, other natural deposits,...and timber, a reasonable allowance for depletion; Provided, That in computing the deductions allowed under this paragraph, the basis shall be the cost... | |
 | Emerson Emanuel Rossmoore - 1922 - 592 pages
...income, war-profits, and excess-profits taxes for the year or years affected shall be redetermined; and the amount of tax due upon such redetermination,...in accordance with the provisions of section 252; n the case of m i nes , ou< an ^ S 88 wells, other natural i*9 deposits, and timber, a reasonable allowance... | |
 | James Hinton Pou - 1922 - 1032 pages
...allowance for the depreciation and obsolescence of property used in the trade or business; and, in the case of mines, oil, and gas wells, other natural deposits,...and timber, a reasonable allowance for depletion: Provided, that in computing the deductions allowed under this paragraph, the basis shall be the cost... | |
 | Irving Bank. Columbia Trust Company - 1923 - 148 pages
...income, war-profits, and excess-profits taxes for the year or years affected shall be redetermined; and the amount of tax due upon such redetermination,...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 allowance... | |
 | United States. Congress. House. Committee on Ways and Means - 1923 - 256 pages
...taxes imposed by this title and by Title III for the year or years affected shall be redetermined; and the amount of tax due upon such redetermination,...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 allowance... | |
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... upon notice and demand by the collector, or the amount of tax overpaid, if any, shall be credited or refunded to the taxpayer in accordance with the provisions of section 322. 
