 | United States. Internal Revenue Service - 1956 - 1348 էջ
...wells. In the case of oil and gas wells th allowance for depletion under section 23 (ml shall be 27% per centum of the gross Income from the property during...respect of the property. Such allowance shall not exceed 80 per centum of the net Income of the taxpayer (eomSuted without allowance for depletion) from the... | |
 | United States. Tax Court - 1956 - 1232 էջ
...centum • • * of the gross Income from the property during the taxable year, excluding from snch gross Income an amount equal to any rents or royalties...respect of the property. Such allowance shall not exceed BO per centum of the net Income of the taxpayer (computed without allowance for depletion) from the... | |
 | United States. Tax Court - 1957 - 1126 էջ
...gross Income an amount equal to any rents or royalties paid or incurred hy the taxpayer In respect to the property. Such allowance shall not exceed 50 per...no case shall the depletion allowance under section 23 (m) be less than It would be if computed without reference to this paragraph. [Emphasis added.]... | |
 | United States. Tax Court - 1958 - 1388 էջ
...(1) In the case of • • • stone • • • 5 per centum, • •••••• of the (rross Income from the property during the taxable year,...no case shall the depletion allowance under section 23 (m) be less than It would be If computed without reference to this paragraph. the property as "the... | |
 | United States. Tax Court - 1958 - 1382 էջ
...of coal * • • 10 per centum. • •••••• of the grog! Income from the property dnrlng the taxable year, excluding from such gross Income...no case shall the depletion allowance under section 23 (m) be less than tt would be If computed without reference to this paragraph. 'Regulations 118.... | |
 | United States. Congress. House. Committee on Ways and Means - 1958 - 1174 էջ
...section 611 shall be the 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).... | |
 | United States. Congress. House. Committee on Ways and Means - 1958 - 1176 էջ
...section 611 shall bt» the percentage, specified in subsection (b), of the gross Income from the property excluding from such gross income an amount equal to...respect of the property. Such allowance shall not exceed 30 percent of the taxpayer's taxable income from the property (computed without allowance for depletion).... | |
 | United States. Tax Court - 1959 - 1372 էջ
...and gas wells the allowance for depletion under section 23 (m) shall be 27 Vi per centum of the grow Income from the property during the taxable year,...no case shall the depletion allowance under section 23 (m) be less than It would be If computed without reference to this paragraph. The depletion deduction... | |
 | United States. Tax Court - 1959 - 1410 էջ
...In the case of oil and gas wells the allowance for depletion under section 23 (m) shall be 27H l"'r centum of the gross Income from the property during...rents or royalties paid or Incurred by the taxpayer In ren|>ect of the property. Such allowance shall not exceed 50 per centum of the net Income of the taxpayer... | |
 | United States. Congress. House. Committee on Ways and Means - 1959 - 332 էջ
...section 611 shall be the 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 .J (computed without allowance for depletion).... | |
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In the case of oil and gas wells the allowance for depletion under section 23 (m) shall be 27 '/2 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... 
