...'That section provided: "In the case of oil and gas wells the allowance for depletion shall be 27 J /2 per centum of the gross income from the property during...income of the taxpayer (computed without allowance for deple-' tion) from the property, except that in no case shall the depletion allowance be less than...

...commencing on the first day percentage, specified in subsection (b), of the gross income from the property excluding from such gross income an amount equal to...of the property. Such allowance shall not exceed 50 percent of the taxpayer's taxable income from the property (computed without allowance for depletion).......

..."the allowance for depletion . . . shall be the percentage ... of the gross income from the property excluding from such gross income an amount equal to...of the property. Such allowance shall not exceed 50 percent of the taxpayer's taxable income from the property (computed without allowance for depletion)."...

...per centum, in the case of metal mines, 15 per centum, and, in the case of sulphur mines or deposits, 23 per centum, of the gross income from the property...income of the taxpayer (computed without allowance for depiction) from the property, except that in no case shall the depletion allowance for the taxable...

...— In the case of oil and gas wells the allowance for depletion under section 23 (m) shall be 27i/4 per centum of the gross income from the property during...without allowance for depletion) from the property, except that in no case shall the depletion allowance under section 23(m) be less than it would be if...

...the section to read : 13 " In the case of oil and gas wells the allowance for depletion shall be 27Yz per centum of the gross income from the property during...incurred by the taxpayer in respect of the property. . . ." The petitioner says that the amendment was merely clarifying in purpose and declaratory of the...

...WELLS. — In the case of oil and gas wells the allowance for depletion under section 23(m) shall be 27% per centum of the gross income from the property during...without allowance for depletion) from the property, except (255) that in no case shall the depletion allowance under section 23(m) be less than it would...

...— In the case of oil and gas wells the allowance for depletion under section 23 (m) shall be 27^ per centum of the gross income from the property during...without allowance for depletion) from the property, except that in no case shall the depletion allowance under section 23 (m) be less than it would be...

...ar.d quantify that th«-v rr.-iM If separately n.ir.ed a'.d marketed at a profit. 23 (m) shall be 27y2 per centum of the gross income from the property during...without allowance for depletion) from the property, except that in no case shall the depletion allowance under section 23 (m) be less than it would be...

...— In the case of oil and gas wells the allowance for depletion under section 23 (m) shall be 274- per centum of the gross income from the property during...without allowance for depletion) from the property, except that in no case shall the depletion allowance under section 23 (m) be less than it would if...