 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...  Internal Revenue Cumulative Bulletin - Page 479by United States. Internal Revenue Service - 1981Full view - About this book
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1930 - 190 pages
...of the earlier laws : In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance for depletion and for depreciation...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. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1930 - 704 pages
...deductions: * » ' » * * "(10) In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance for depletion and for depreciation...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. Joint Committee on Internal Revenue Taxation - 1927 - 626 pages
...allowed as deductions: (10) In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance for depletion and for depreciation...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 - 1931 - 502 pages
...deductions:] (1) Depletion. — In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance for depletion and for depreciation...reasonable allowance in all cases to be made under rules and regulations to be prescribed by the Commissioner, with the approval of the Secretary. In... | |
 | United States. Court of Claims - 1932 - 928 pages
...as deductions : ***** "(8) In case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance for depletion and for depreciation...reasonable allowance in all cases to be made under rules and regulations to be prescribed by the commissioner with the approval of the Secretary * * *."... | |
 | United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1933 - 824 pages
...of 1926, provides that, in the case of oil wells, the taxpayer shall have, as a deduction from gross income, " a reasonable allowance for depletion and...improvements, according to the peculiar conditions of each case," to be made under departmental rules and regulations. Section 204 permits the taxpayer... | |
 | United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1933 - 762 pages
...of 1926, provides that, in the case of oil wells, the taxpayer shall have, as a deduction from gross income, " a reasonable allowance for depletion and...improvements, according to the peculiar conditions of each case," to be made under departmental rules and regulations. Section 204 permits the taxpayer... | |
 | United States. Bureau of Internal Revenue - 1933 - 452 pages
...deductions:] (1) Depletion.—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 conditiona in each case; such reasonable allowance in all cases to be made under rules and regulations... | |
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