 | Joseph Henry Beale, Roswell Foster Magill - Taxation - 1926 - 744 pages
...sources" expenses of operation and maintenance, losses not compensated by insurance and "in the case of mines a reasonable allowance for depletion thereof...year for which the return and computation are made." Therefore, it appears that the act allowed the taxable a deduction for depletion of the corpus or capital... | |
 | United States. Supreme Court - Law reports, digests, etc - 1926 - 1158 pages
...reasonable allowance for the exhaustion ... of property arising out of its use ... ; (b) in the case of mines a reasonable allowance for depletion thereof...year for which the return and computation are made, . . ." Section 2 contains the following provision (p. 768) : "(c) For the purpose of ascertaining the... | |
 | United States. Supreme Court - Courts - 1926 - 688 pages
...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...and sold during the year for which the return and computaUNITED STATES v. BOSTON INSURANCE CO. 199 197 Opinion of the Court. tion are made, such reasonable... | |
 | United States. Internal Revenue Service - Taxation - 1926 - 620 pages
...regular flow; (b) in the case of mines a reasonable allowance for depletion thereof not to exceed tbe market value In the mine of the product thereof which...and sold during the year for which the return and compensation are made, such reasonable allowance to be made In the case of both (ยป) snd (b) under... | |
 | United States. Supreme Court - Law reports, digests, etc - 1927 - 1138 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...during the year for which the return and computation [199] are made, such reasonable allowance to be made in the case of both (a) and (b) under rules and... | |
 | United States. Supreme Court - Law reports, digests, etc - 1927 - 1140 pages
...be ascertained not by tbe flush flow, but by the settled production or regular flow; (b) in the case of mines a reasonable allowance for depletion thereof...during the year for which the return and computation [199] are made, such reasonable allowance to be made in the case of both (a) and (b) under rules and... | |
 | Clem Wetzell Collins - Accounting - 1928 - 976 pages
...business or trade. This would cover horses. (3) A reasonable allowance for the depletion of a mine, not to exceed the market value in the mine of the...year for which the return and computation are made. (4) A reasonable allowance for actual reduction in flow and production of oil wells, to be ascertained... | |
 | United States. Board of Tax Appeals - Taxation - 1928 - 1582 pages
...S3, 080. on 3.080.00 1.1B3 01 Revenue Act of 1917, she was entitled to a deduction for depletion " not to exceed the market value in the mine of the...during the year for which the return and computation was made " ; and that the respondent was in error in adding to income for the year 1919, when the lease... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - Income tax - 1927 - 626 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 caye of both (a) and (b) undei the rules and regulations to be prescribed by the Secretary of... | |
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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... 
