 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. Internal Revenue Service - 1968 - 938 pages
...was relinquished by the lessee. Section 611 (a) of the Internal Revenue Code of 1954 provides I hat there shall be allowed as a deduction in computing...taxable income a reasonable allowance for depletion in the case of mines, oil and gas wells, other natural deposits, and timber. Further, section 1.612-3... | |
 | United States. Tax Court - 1953 - 1328 pages
...deposits, and iber, a reasonable allowance for depletion and for depreciation of Improvements, according 1 the peculiar conditions In each case; such reasonable allowance In all cases to be made ^ ft tier rules and regulations to be prescribed by the Commissioner, with the approval of the *ortary.... | |
 | United States. Congress. Joint Economic Committee - 1955 - 962 pages
...for depletion was — 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 : (with provisions that 1913 value... | |
 | United States. Congress. Joint Economic Committee - 1955 - 1474 pages
...for depletion was — 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: (with provisions that 1913 value... | |
 | United States. Internal Revenue Service - 1956 - 1348 pages
...: "(m) Depletion. — In the cnse of mines, oil nnd ens 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. Tax Court - 1956 - 1168 pages
...INCOME. (m) DEPLETION. — In the case of mines, oil and gas wells, other natural deposits, and timber, n 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. Tax Court - 1956 - 1232 pages
...•**••• (m) DEPLETION. — In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance for depletion and for depreciation...such reasonable allowance in all cases to be made nnder rules and regulations to be prescribed by the Commissioner, with the approval of the Sem'tary.... | |
 | United States. Tax Court - 1959 - 1372 pages
...the Internal Revenue Code of 1954 (applicable to 1954) provide that in computing net income "[i]n the case of mines, oil and gas wells, other natural deposits,...and timber" there shall be allowed as a deduction a reasonable allowance for depletion according to the peculiar conditions in each case. Both sections... | |
 | United States. Congress. House. Committee on Ways and Means - 1959 - 332 pages
...authorization for depletion is (sec. 611 (a) , Internal Revenue Code of 1954) : In the case of mines * * * there shall be allowed as a deduction in computing...taxable income a reasonable allowance for depletion * * *, according to the peculiar conditions in each case; such reasonable allowance in all cases to... | |
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