 | United States. Supreme Court - 1940 - 894 sidor
...Commissioner, with the approval of the Secretary. . . ." 'Treasury Regulations 77, Art. 221 (h) provided: '"Net income of the taxpayer (computed without allowance for depletion) from the property,' as used in section 114 (b) (2), (3), and (4) and articles 221 to 248, inclusive, means the 'gross income... | |
 | United States. Internal Revenue Service - 1924 - 396 sidor
...income (computed without allowance for depletion) from the property ujion which tlte discovery was made, except that in no ca.se shall the depletion allowance be less than it wt»uW be if computed without reference to discovery value. ART. 1591. Basis for determining gain or... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 580 sidor
...income (computed without allowance for depletion) from the property upon which the discovery was made, except that in; no case shall the depletion allowance...than it would be if computed without reference to discovery value. INVENTORIES. SEC. 205. Whenever in the be included in the gross income shall be the... | |
 | Irving Bank-Columbia Trust Company - 1925 - 152 sidor
...income (computed without allowance for depletion) from the property upon which the discovery was made, except that in no case shall the depletion allowance...than it would be if computed without reference to discovery value. INVENTORIES SEC. 205. Whenever in the opinion of the Commissioner the use of inventories... | |
 | John F. Sherwood - 1925 - 206 sidor
...income (computed without allowance for depletion) from the property upon which the discovery was made, except that in no case shall the depletion allowance...than it would be if computed without reference to discovery value. (Section 204 — 1924 Act) To illustrate the application of the provisions of the... | |
 | New York (State). Legislature. Assembly - 1926 - 802 sidor
...Rice Witter the property during the taxable year. Such allowance shall not exceed fifty per centum of the net income of the taxpayer (computed without...if computed without reference to this paragraph." \ Page 2, line 18, insert the word "such" and place the word "such" in brackets. Page 3, line 6, after... | |
 | Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 sidor
...income (computed without allowance for depletion) from the property upon which the discovery was made, except that in no case shall the depletion allowance...than it would be if computed without reference to discovery value. Regulations 65. ART. 220. Discovery of mines. — (a) The discovery must add a new... | |
 | United States. Congress. House. Committee on Ways and Means - 1927 - 1032 sidor
...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...shall the depletion allowance be less than it would ite if computed without reference to this paragraph." TAX RATE SwiUBHTioN 13 — Kate of ta,t on corporate... | |
 | Harrison B. Spaulding - 1927 - 336 sidor
...gross income from the property during the taxable year. The allowance, however, may not exceed 50 % of the net income of the taxpayer (computed without...allowance for depletion) from the property, except that the taxpayer may claim depletion in the ordinary way, ie on the basis of cost, or value as of March... | |
| |
Such allowance shall not exceed 50 per centum of the net income of the taxpayer (computed 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 computed... 
