...from 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...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...

...mines, 5 per centum, in the case of metal mines, fluorspar mines, and rock asphalt mines or deposits, 15 per centum, and, in the case of sulphur mines or...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...

...lepidolite, spodumene, barite, ball and sagger clay, or rock asphalt mines, and potash mines or deposits, 15 per centum, and in the case of sulphur mines or...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...

...lepidolite, spodumene, barite,ball and sagger clay, or rock asphalt mines, and potash mines or deposits, 15 per centum, and in the case of sulphur mines 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...

...lepidolite, spodumene, barite, ball and sagger clay, or rock asphalt mines, and potash mines or deposits, 15 per centum, and in the case of sulphur mines or...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...

...lepidolite, spodumene, barite, ball and sagger clay, or rock asphalt mines, and potash mines or deposits, 15 per centum, and in the case of sulphur mines or...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...

...— 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. . . ." KIRBY PETROLEUM CO. v. COMM'R. 601 599 Opinion of the Court. allowance of 27Va per centum of...

...of coal mines, B per centum, In the case of metal mines, 15 per centum, and, In the case of sulphnr mines or deposits, 23 per centum, of the gross Income...without allowance for depletion) from the property. A taxpayer making his first return under this chapter in respect of a property shall state whether...

...metallurgical grade limestone, and chemical grade limestone, 15 per centum, and "(iv) in the case of sulfur, 23 per centum, of the gross income from the property...incurred by the tax-payer in respect of the property." (b) TECHNICAL AMENDMENT. — So much of paragraph (2) of section 114 (b) as precedes "discovered by...

...WELLS. 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...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...