 | United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - Courts - 1917 - 776 pages
...Tax Law of September 8, 1916, 39 Stat. 756, 769, a reasonable allowance is made in the cases of mines for depletion thereof, "not to exceed the market value...year for which the return and computation are made." These provisions were not in the Act of 1909, and, as we have said, we think that Congress, in that... | |
 | Law reports, digests, etc - 1917 - 1450 pages
...September 8, 1916 (1916-1916 Stat. 756, 769), a reasonable allowance is made in the cases of mines for depletion thereof, "not to exceed the market value...year for which the return and computation are made." These provisions were not in the Act of 1909, and, as we have said, we think that Congress, in that... | |
 | United States. Supreme Court - Law reports, digests, etc - 1917 - 1350 pages
...September 8, 1916 (1915-1916 Stat. 756, 769), a reasonable allowance is made in the cases of mines for depletion thereof, "not to exceed the market value...thereof which has been mined and sold during the year lor which the return and computation are made." These provisions were not in the Act of 1909, and,... | |
 | George Edwin Holmes - Excess profits tax - 1917 - 690 pages
...or about the time the deposit is exhausted. The annual allowance is limited, however, to an amount not to exceed "the market value in the mine of the...thereof which has been mined and sold during the year. " 9 To determine what is a reasonable amount and to fix the limit of the annual allowance, the Treasury... | |
 | George Edwin Holmes - Excess profits tax - 1917 - 674 pages
...or about the time the deposit is exhausted. The annual allowance is limited, however, to an amount not to exceed "the market value in the mine of the...product thereof which has been mined and sold during the year."9 To determine what is a reasonable amount and to fix the limit of the annual allowance, the... | |
 | Joseph Jay Scott - Electronic books - 1917 - 386 pages
...ascertained not by the flush flow, but by the settled production or regular flow; 180 (b) in the case of mines a reasonable allowance for depletion thereof...exceed the market value in the mine of the product theretf which has been mined and sold during the year for which the return and computation are made,... | |
 | Savings Union Bank and Trust Company - Excess profits tax - 1917 - 88 pages
...be ascertained not by the flush flow, but by the settled production or regular flow; (b) in the case of mines a reasonable allowance for depletion thereof not to exceed the market value in the mine or the product thereof which has been mined and sold during the year for which the return and computation... | |
 | Godfrey Nicholas Nelson - Accounting - 1917 - 218 pages
...of A reasonable allowance for depletion of mines will be Mines deductible, not to exceed, however, the market value in the mine of the product thereof, which has been moved and sold during the year for which the return and computation are made. As in the case of oil... | |
 | Ewell D. Moore - 1917 - 40 pages
...the settled production or regular flow. (b) In case of mines a reasonable allowance for depletion, not to exceed the market value in the mine of the product which has been mined and sold during the year. (See "Depletion.") Provided that no deduction shall... | |
 | United States. Congress. House. Committee on Ways and Means - Taxation - 1918 - 58 pages
...be ascertained not by the flush flow but by the settled production or regular flow: (b) in the case of mines a reasonable allowance for depletion thereof...computation are made, such reasonable allowance to be made in the case of both (a) and (b) under rules and regulations to be prescribed bv the Secretary of the... | |
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... a reasonable allowance for actual reduction in flow and production to be ascertained not by the flush flow, but by the settled production or regular flow; (b) in the case of mines a reasonable allowance for depletion thereof not to exceed the market... 
