The respondent determined a deficiency in income tax against the petitioner for the fiscal year ended November 30, 1955, in the amount of $17,003.54. The questions are (1) whether petitioner is entitled to a depletion allowance on the product extracted from its mine deposit of 5 percent as applied to "pumice," or 15 percent as applied to "dimension stone," and (2) whether petitioner may include in its computation of depletion the cost of the carton containers in which its...
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