 | United States. Supreme Court - 1928 - 872 lapas
...and tear of property arising out of its use or employment in the business or trade; " Eighth, (a) In the case of oil and gas wells a reasonable allowance for actual reduction in flow and production . . . (b) in the case of mines a reasonable allowance for depletion thereof ... : Provided, That when... | |
 | United States. Board of Tax Appeals - 1929 - 1592 lapas
...of property arising out of its use or employment in the business or trade; (a) and in the case (a) of oil and gas wells a reasonable allowance for actual...flow, but by the settled production or regular flow; * » » [Sec. 12 (a)]. The Excise Tax Act of 1909 was effective from the time the petitioner began... | |
 | Robert Hiester Montgomery - 1923 - 1760 lapas
...the case of oil and gas wells a rea; lowance for actual reduction in flow and production to be ascert by the flush flow, but by the settled production or regular flow the case of mines a reasonable allowance for depletion thereof nd the market value in the mine of the... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 626 lapas
...exhaustion, wear and tear of property arising out of its use or employment in the business or trade; (a) in the case of oil and gas wells a reasonable allowance...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... | |
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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... 
