 | United States - 1928 - 1164 páginas
...reasonable allowance for obsolescence; Mines, oil and gas wells; depletion and depreciation. (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... | |
 | Clem Wetzell Collins - 1928 - 976 páginas
...latter with deductions allowed to corporations. Both clauses are the same and read as follows: "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." Hence the term depreciation... | |
 | Robert Hiester Montgomery - 1927 - 592 páginas
...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... | |
 | Robert Hiester Montgomery - 1927 - 1510 páginas
...mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance for depletion1 and for depreciation of improvements, according to...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... | |
 | Robert Hiester Montgomery - 1919 - 1016 páginas
...credited or refunded to the taxpayer in accordance with the provisions of section 252; (1o) 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. Congress. Joint Committee on Internal Revenue Taxation - 1930 - 190 páginas
...value of those units. In the 1918 law the provision relating to depletion read as follows: "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. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 626 páginas
...in part as follows: 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: Provided, That in the case of... | |
 | United States. Internal Revenue Service - 1931 - 502 páginas
...23. DEDUCTIONS FROM GROSS INCOME.] [In computing net income there shall be allowed as deductions:] (1) Depletion. — In the case of mines, oil and gas...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... | |
 | United States. Court of Claims - 1932 - 928 páginas
...corporation subject to the tax imposed by section 230 there shall be allowed as deductions : ***** "(8) In case of mines, oil and gas wells, other natural deposits,...regulations to be prescribed by the commissioner with the approval of the Secretary * * *." The statute expressly provides that in the case of oil wells a deduction... | |
 | United States. Board of Tax Appeals - 1933 - 1618 páginas
...subject to the tax imposed by section 230 there shall be allowed as deductions : ******* (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... | |
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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... 
