 | 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... | |
 | United States. Board of Tax Appeals - 1927 - 1530 pages
...wear and tear of equipment used in the business, and such provision is in the following language : In 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. •• . • • . • .: , •... | |
 | United States. Congress. House. Committee on Ways and Means - 1927 - 1034 pages
...fact in providing in section 231 (a) (8) that among allowable deductions should be included, "in the case of mines, oil and gas wells, other natural deposits,...according to the peculiar conditions in each case." So far as coal mining rs concerned, there are two of these "peculiar conditions" which are especially... | |
 | Harrison B. Spaulding - 1927 - 336 pages
...Depletion. The income tax law of the United States allows taxpayers to deduct from gross income " in the case of mines, oil and gas wells, other natural deposits...according to the peculiar conditions in each case." In the case of leases the deduction is to be apportioned equitably between the lessor and the lessee.... | |
 | United States. Congress. House. Committee on Ways and Means - 1927 - 1032 pages
...234 (a) (S) that among allowable deductions sliould be included, "in the cast- of mines, oil and gns wells, other natural deposits, and timber, a reasonable...according to the peculiar conditions in each case." So far as poal mining is concerned. I here are two of these "peculiar conditions " which are especially... | |
 | United States - 1928 - 268 pages
...absence of such provisions, on the basis of the trust income allocable to each. (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 shall be equitably apportioned between... | |
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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... 
