 | 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... | |
 | United States. Congress. House. Committee on Ways and Means - 1923 - 256 pages
...be credited or refunded to the taxpayer in accordance with the provisions of section 252; (9) 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... | |
 | Irving Bank. Columbia Trust Company - 1923 - 148 pages
...be credited or refunded to the taxpayer in accordance with the provisions of section 252; (9) 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. Internal Revenue Service - 1924 - 396 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... | |
 | Eric Louis Kohler - 1924 - 514 pages
...credited or refunded to the taxpayer in accordance with the provisions of section 252; * (9) 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
...property used in the trade or business, including a reasonable allowance for obsolescence; (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... 
