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" 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... "
Federal Income, Estate and Gift Tax Laws, Correlated - Page 268
by United States, Walter Elbert Barton - 1944 - 1242 pages
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Reports of the Tax Court of the United States, Volume 26

United States. Tax Court - 1957
...grade limestone, chemical grade limestone, and potash, 15 per centum, and (IT) In the case of sulfur, 23 per centum, of the gross Income from the property...without allowance for depletion) from the property, except that In no case shall the depletion allowance under section 23 (m) be less than It would be...
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Reports of the Tax Court of the United States, Volume 28

United States. Tax Court - 1958
...(1) In the case of stone 5 per centum, of the (rross Income from the property during the taxable year,...without allowance for depletion) from the property, except that In no case shall the depletion allowance under section 23 (m) be less than It would be...
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Reports of the Tax Court of the United States, Volume 31

United States. Tax Court - 1959
...and gas wells the allowance for depletion under section 23 (m) shall be 27 Vi per centum of the grow Income from the property during the taxable year,...without allowance for depletion) from the property, except that In no case shall the depletion allowance under section 23 (m) be less than It would be...
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Reports of the Tax Court of the United States, Volume 24

United States. Tax Court - 1956
...27*4 per centum of the gross Income from the property during the taxable year, excluding from Rucb gross Income an amount equal to any rents or royalties...without allowance for depletion) from the property, except that in no case shall the depletion allowance under section 23 (m) be less than It would be...
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Reports of the Tax Court of the United States, Volume 3

United States. Tax Court - 1945
... In the case of oil. ana gas wells the allowance for depletion under section 23 (m) shall be 27% per centum of the gross Income from the property during...respect of the property. Such allowance shall not exceed 60 per centum of the net Income of the taxpayer (computed without allowance for depletion) from the...
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Reports of the Tax Court of the United States, Volume 11

United States. Tax Court - 1948
... 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...Incurred by the taxpayer In respect of the property. * In the form effective prior to October, 1944, the text was as follows : "(f) 'Gross Income...
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Reports of the United States Tax Court, Volume 54

United States. Tax Court - 1970
...grade limestone, chemical grade limestone, and potash, 15 per centum, and (Ir) In the case of sulfur, 23 per centum, of the gross Income from the property...respect of the property. Such allowance shall not exceed SO per centum of the net Income of the taxpayer (computed without allowance for depletion) from the...
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United States Statutes at Large

United States Department of State - 1939
...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...without allowance for depletion) from the property. A taxpayer making his first return under this chapter in respect of a property shall state whether...
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Codification of Internal Revenue Laws Submitted to ... by Its Staff ...

United States. Congress. Internal Revenue Taxation Joint Committee - 1933 - 225 pages
...The allowance for depletion 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...respect of the property. Such allowance shall not exceed GO per centum of the net income of the taxpayer (computed without allowance for depletion) from the...
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Cumulative Digest of United States Practice in International Law, Volume 2

1946
... In the case of oil and gas wells the allowance for depletion under section 23 (m) shall be 27'/a per centum of the gross Income from the property during...incurred by the taxpayer in respect of the property. . . ." 'Kirby Petroleum Company, 2 TC 1258 (1943) [CCH Dec. 13,651] and Anna Vickers Crawford, TCMemo.....
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