26 C.F.R. § 1.616-3. - § 1.616-3 Time for Making Election With Respect to Returns Due on or Before May 2, 1960.

Current as of January 1, 1970

Section 1.616-3 - § 1.616-3 Time for Making Election With Respect to Returns Due on or Before May 2, 1960.Section 1.616-3 - § 1.616-3 Time for Making Election With Respect to Returns Due on or Before May 2, 1960.

Section 1.616-2 - § 1.616-2 Election to Defer.Section 1.617-1 - § 1.617-1 Exploration Expenditures.

§ 1.616-3 Time for making election with respect to returns due on or before May 2, 1960.

In the case of any taxable year beginning after December 31, 1953, and ending after August 16, 1954, the income tax return for which is due not later than May 2, 1960, the time to deduct or defer development expenditures for such a year under section 616 (a) or (b) shall expire on May 2, 1960.

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