 | United States. Board of Tax Appeals - 1937 - 1380 pagini
...at least, for each case in whicn the taxpayer has acquired, by investment, any interest in the oil in place, and secures, by any form of legal relationship, income derived from the extraction of oil, to which he must look for a return of his capital." See also San Martinez Oil Co., 25 BTA 218,... | |
 | 1941 - 1688 pagini
...timber is allowed annual depletion deductions. An economic interest Is possessed in every case In which the taxpayer has acquired, by Investment, any interest in mineral In place or standing timber and secures, by any form of legal relationship, income derived from the severance... | |
 | United States. Tax Court - 1967 - 786 pagini
...an economic interest is possessed by a taxpayer who has acquired by investment any interest in the mineral in place and secures, by any form of legal relationship, income derived from extraction of the mineral to which he must look for a return of his capital ; and a contractual arrangement... | |
 | United States. Internal Revenue Service - 1941 - 664 pagini
...timber is allowed annual depletion deductions. An economic interest is possessed in every case in which the taxpayer has acquired, by investment, any interest in mineral in place or standing timber and secures, by any form of legal relationship, income derived from the severance... | |
 | 1994 - 578 pagini
...which the taxpayer has icquired by investment any interest in mineral in place or standing timber ind secures, by any form of legal relationship, income derived from the extraction of the mineral or severance of the timber, to which he must look for a return of his capital. For an exception in... | |
 | 1984 - 524 pagini
...interest in mineral deposits or standing timber. An economic interest is possessed in every case in which the taxpayer has acquired by investment any interest in mineral in place or standing timber and secures, by any form of legal relationship, income derived from the extraction... | |
 | 1973 - 476 pagini
...interest in mineral deposits or standing timber. An economic interest is possessed in every case in which the taxpayer has acquired by investment any interest in mineral in place or standing timber and secures, by any form of legal relationship, income derived from the extraction... | |
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An economic interest is possessed in every case in which the taxpayer has acquired by investment any interest in mineral in place... 
