 | 1921 - 542 pages
...event. The provision relating to depletion as contained in the Senate Bill is as follows : (10) "In the case of mines, oil and gas wells, other natural deposits...according to the peculiar conditions in each case, based upon cost including cost of development not otherwise deducted: Provided, That in the case of... | |
 | United States. Congress. Senate. Committee on Manufactures - 1921 - 1278 pages
..." I SEC. 214. (a) That in computing net income there shall be allowed as deductions:] "(10) In the case of mines, oil and gas wells, other natural deposits,...according to the peculiar conditions in each case, based upon cost, including cost of development not otherwise deducted : ]'rot>ided. That in the fuse... | |
 | New York (State) - 1921 - 324 pages
...property used in the trade or business, including a reasonable allowance for obsolescence. 9. In the ease of mines, oil and gas wells, other natural deposits...according to the peculiar conditions in each case, based upon cost including cost of development not Otherwise deducted ; provided, that in the case of... | |
 | Thomas Sewall Adams - 1921 - 452 pages
...amortization. The Revenue Act of 1918, Part I, Section 214 (a) (10), reads as follows: In the cases of mines, oil and gas wells, other natural deposits,...according to the peculiar conditions in each case, based upon cost including cost of development not otherwise deducted: PROVIDED, That in the case of... | |
 | 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... | |
 | 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.... | |
 | 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... | |
 | 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... | |
 | Thomas Sewall Adams - 1921 - 296 pages
...date of the discovery, or within thirty days thereafter; 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... | |
 | Rex Frye - 1921 - 350 pages
...date of the discovery, or within thirty days thereafter; 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... | |
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In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance for depletion and for depreciation of improvements, according to the peculiar conditions in each case... 
