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 the taxable year, excluding from such gross Income an amount equal to any rents or royalties paid or... Reports of the Tax Court of the United States - Halaman 671oleh United States. Tax Court - 1953Tampilan utuh - Tentang buku ini
| Eric Louis Kohler - 1927 - 618 halaman
...marketed at a profit. (2) In the case of oil and gas wells the allowance for depletion shall be 27^ per centum of the gross income from the property during the taxable year. Such allowance shall not exceed 50 per centum of the net income of the taxpayer (computed without allowance... | |
| United States. Congress. House. Committee on Ways and Means - 1927 - 1034 halaman
...reference to this paragraph. "(3) In the case of oil and gas wells the allowance for depletion shall be 27% per centum of the gross income from the property during the taxable year. Such allowance shall not exceed 50 per centum of the net income of the taxpayer (computed without allowance... | |
| United States. Congress. House. Committee on Ways and Means - 1927 - 1032 halaman
...added to read as follows: "(3) In the ca.se of coal mines the allowance for depletion shall !»> six per centum of the gross income from the property during the taxable year. Stu-h allowance shall not exceed lifly I«T centum of the net income of the taxpayer (computed without... | |
| Paul-Joseph Esquerré - 1927 - 392 halaman
...to discovery value. In the case of oil and gas wells, the allowance for depletion shall be 27 1 /* per centum of the gross income from the property during the taxable year. . . . It is, of course, possible that in certain cases the rates indicated above recover more land... | |
| United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 halaman
...FOR OIL AND GAS WELLS.— In the case of oil and gas wells the allowance for depletion shall be 27 Yi per centum of the gross income from the property during the taxable year. Such allowance shall not exceed 50 per centum of the net income of the taxpajrer (computed without... | |
| United States - 1928 - 1164 halaman
...marketed at a profit. (2) In the case of oil and gas wells the allowance for depletion shall be 27% per centum of the gross income from the property during the taxable year. Such allowance shall not exceed 50 per centum of the net income of the taxpayer (computed without allowance... | |
| United States - 1928 - 268 halaman
...be considered a dis(2) In the case of oil and gas wells, the allowance for depletion shall be 27J^ per centum of the gross income from the property during the taxable year. Such allowance shall not exceed 50 per centum of the net income of the taxpayer (computed without allowance... | |
| Robert Hiester Montgomery - 1927 - 592 halaman
...marketed at a profit. (2) In the case of oil -and gas wells the allowance for depletion shall be 2 7H per centum of the gross income from the property during the taxable year. Such allowance shall not exceed 50 per centum of the net income of the taxpayer (computed without allowance... | |
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