 | United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1952 - 1040 pages
...the owner retains an economic interest in such timber? the difference between the amount received for such timber and the adjusted depletion basis thereof...though it were a gain or loss, as the case may be, upon the sale of such timber. This provision was added to the Internal Revenue Code by Section 127... | |
 | Administrative law - 1939 - 1522 pages
...the owner retains an economic interest In such timber, the difference between the amount received for such timber and the adjusted depletion basis thereof...though it were a gain or loss, as the case may be, upon the sale of such timber. (b) Technical amendment. Section 117 (J) (1) (relating to gains and losses... | |
 | United States - Law - 1953 - 1744 pages
...interest in such timber or coal, the difference between the amount received for such timber or coal (b) to extend beyond the time prescribed in section 275 the time within which upon the sale of such timber or coal. Such owner shall not be entitled to the allowance for percentage... | |
 | United States. Tax Court - Law reports, digests, etc - 1967 - 786 pages
...difference between the amount realized from the disposal of such coal and the adjusted depletion basi's thereof * * * shall be considered as though it were...gain or loss, as the case may be, on the sale of such coal. Such owner shall not be entitled to the allowance for percentage depletion provided In section... | |
 | United States. Congress. House. Committee on Ways and Means - 1943 - 1636 pages
...in the owner to secure the performance thereof, then the difference between the amount received for such timber and the adjusted depletion basis thereof...though it were a gain or loss, as the case may be, upon the sale of such timber as property used in the trade or business of the owner, and the resulting... | |
 | United States. Congress. House. Select Committee on Small Business - Lumber trade - 1944 - 42 pages
...in the owner to secure the performance thereof, then the difference between the amount received for such timber and the adjusted depletion basis thereof...though it were a gain or loss, as the case may be, upon the sale of such timber as property used in the trade or business of the owner, and the resulting... | |
 | United States - 1944 - 1344 pages
...the owner retains an economic interest in such timber, the difference between the amount received for such timber and the adjusted depletion basis thereof...though it were a gain or loss, as the case may be. upon the sale of such timber." (b) TECHNICAL AMENDMENT. — Section 117 (j) (1) (relating to gains... | |
 | United States. Congress. Internal Revenue Taxation Joint Committee - 1945 - 350 pages
...the owner retains an economic interest in such timber, the difference between the amount received for such timber and the adjusted depletion basis thereof...though it were a gain or loss, as the case may be, upon the sale of such timber. SEC. 118. LOSS FROM WASH SALES OF STOCK OR SECURITIES. (a) In the case... | |
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In the case of the disposal of timber held for more than 6 months before such disposal, by the owner thereof under any form or type of contract by virtue of which such owner retains an economic interest in such timber, the difference between the amount... 
