 | United States - 1924 - 260 pages
...based on cost or fair market value as of March 1, 1913; such reasonable allowance in all the above cases to be made under rules and regulations to be prescribed by the Commissioner, with trie approval of the Secretary. In the case of leases the deductions allowed by this paragraph shall... | |
 | Irving Bank-Columbia Trust Company - 1925 - 152 pages
...property used in the trade or business, including a reasonable allowance for obsolescence; (8) In the case of mines, oil and gas wells, other natural deposits,...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... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 580 pages
...lessor and lessee; SEC. 214. (a) (11) Contributions or gifts made within the SEC. 214. (a) (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... | |
 | John F. Sherwood - 1925 - 206 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... | |
 | Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 pages
...property used in the trade or business, including a reasonable allowance for obsolescence ; (8) In the case of mines, oil and gas wells, other natural deposits,...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... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 pages
...regulations prescribed by the Commissioner with the approval of the Secretary. (1) Depletion. — In the case of mines, oil and gas wells, other natural deposits,...regulations to be prescribed by the Commissioner, with the approval of the Secretary. In the case of leases the deduction allowed by this subsection shall be... | |
 | Eric Louis Kohler - 1927 - 618 pages
...rules and regulations prescribed by the Commissioner with the approval of the Secretary: (9) In the case of mines, oil and gas wells, other natural deposits,...regulations to be prescribed by the Commissioner, with the approval of the Secretary. In the case of leases the deduction allowed by this paragraph shall be equitably... | |
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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... 
