 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
 | 1939 - 1522 pages
...the property during the taxable year, excluding from such gross Income an amount equal to any rents tually performed, the collector shall determine according to the circumst (b) Discovery value. Section 114 (b) (2) (relating to discovery value) is amended by Inserting after... | |
 | 1940 - 1806 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 - 1953 - 1744 pages
...the property during the taxable year, excluding from such gross income an amount equal to any rents in contemplation of his Such allowance shall not exceed 50 per centum of the net income of the taxpayer (computed without allowance... | |
 | United States - 1964 - 1098 pages
...of the gross income from the property 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 percent of the taxpayer's taxable income from the property (computed... | |
 | United States. Congress. Senate. Committee on Finance - 1942 - 1092 pages
...the property during the taxable year, excluding from such gross income an amount equal to nny 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 U.S. Congress. Senate. Committee on finance - 1942 - 1090 pages
...the property during the taxable year, excluding from such gross income an amount equal to any reuts 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, Walter Elbert Barton - 1944 - 1286 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. Joint Committee on Internal Revenue Taxation - 1944 - 336 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... | |
 | 1944 - 1344 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." (b) DISCOVERY VALUE. — Section 114 (b) (2) (relating to discovery value) is amended by inserting... | |
 | United States. Congress. Internal Revenue Taxation Joint Committee - 1945 - 350 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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