 The basis upon which exhaustion, wear and tear, and obsolescence are to be allowed in respect of any property shall be the adjusted basis provided in section 113 (b) for the purpose of determining the gain upon the sale or other disposition of such property.  Reports of the Tax Court of the United States - Page 832by United States. Tax Court - 1955Full view - About this book
 | United States. Internal Revenue Service - Income tax - 1924 - 396 pages
...assets of the corporation as of that date. (c) The basis «p«H which depletion, exhaustion, wear aad tear, and •obsolescence are to be allowed in respect of any property shall be the same ae ig provided in subdivision <a) or (b) for the purpose of determiaing the gain or loss upoa... | |
 | United States. Congress. Senate. Committee on Interstate Commerce - 1924 - 158 pages
...evidence of interest in a corporation making any such distribution, and the basis upon which depletion, exhaustion, wear and tear, and obsolescence are to be allowed in respect of such property, shall be properly adjusted in accordance with the exemption, under regulations prescribed... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - Income tax - 1925 - 580 pages
...value of the assets of the corporation as of that date. SEC. 204. (c) The basis upon which depletion, exhaustion, wear and tear, and obsolescence are to...be allowed in respect of any property shall be the same as is provided in subdivision (a) or (b) for the purpose of determining the gain or loss upon... | |
 | Irving Bank-Columbia Trust Company - Income tax - 1925 - 152 pages
...market value of the assets of the corporation as of that date. (c) The basis upon which depletion, exhaustion, wear and tear, and obsolescence are to...be allowed in respect of any property shall be the same as is provided in subdivision (a) or (b) for the purpose of determining the gain or loss upon... | |
 | Joseph Henry Beale, Roswell Foster Magill - Taxation - 1926 - 744 pages
...market value of the assets of the corporation as of that date. (c) The basis upon which depletion, exhaustion, wear and tear, and obsolescence are to...be allowed in respect of any property shall be the same as is provided in subdivision (a) or (b) for the purpose of determining the gain or loss upon... | |
 | United States. U.S. Congress. Senate. Interstate commerce committee - 1926 - 348 pages
...pursuance of a plan approved by the commission under this title. The basis upon which the depletion, exhaustion, wear and tear, and obsolescence are to be allowed in respect to such property (but not the basis for determining gain or loss upon a subsequent sale or disposition... | |
 | United States. Congress. Senate. Committee on Interstate Commerce - Railroads - 1926 - 336 pages
...pursuance of a plan approved by the commission under this title. The basis upon which the depletion, exhaustion, wear and tear, and obsolescence are to be allowed in respect to such property (but not the basis for determining gain or loss upon a subsequent sale or disposition... | |
 | Eric Louis Kohler - Income tax - 1927 - 618 pages
...market value of the assets of the corporation as of that date. (c) The basis upon which depletion, exhaustion, wear and tear, and obsolescence are to...be allowed in respect of any property shall be the same as is provided in subdivision (a) or (b) for the purpose of determining the gain or loss upon... | |
 | United States. Congress. House. Committee on Ways and Means - Taxation - 1927 - 1032 pages
...Proposed amendment of section HOJ/ (c) (changes shown in italics) "(c) The basis upon which depletion, exhaustion, wear and tear, and obsolescence are to...be allowed in respect of any property shall be the sdiue as is provided in subdivision (a) or (b) for the purpose of determining the gain or loss upon... | |
 | United States. Congress. House. Committee on Ways and Means - Internal revenue - 1927 - 1034 pages
...SECTION 204, SUBDIVISION (C) [Proposed changes are shown in capitals] (c) The basis upon which depletion, exhaustion, wear and tear, and obsolescence are to...be allowed in respect of any property shall be the same as is provided in subdivision (a) or (b) for the purpose of determining the gain or loss upon... | |
| |
