Goldfield Consol. Mines Co. v. Scott, 247 U.S. 126 (1918)

Name: Goldfield Consol. Mines Co. v. Scott, 247 U.S. 126 (1918) - Syllabus
Author: U.S. Supreme Court

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Goldfield Consolidated Mines Company v. Scott

No. 334

Argued March 4, 5, 6, 1918
Decided May 20, 1918
247 U.S. 126

CERTIFICATE FROM THE CIRCUIT COURT OF APPEALS

FOR THE NINTH CIRCUIT

Syllabus

In computing its excise under the Corporation Tax Act of August 5, 1909, a mining corporation is not entitled to deduct from it gross income any amount whatever on account of depletion or exhaustion of ore bodies caused by its operations for the year for which the tax is assessed.

It cannot deduct the cost value of the ore in the ground before it was mined, ascertained in compliance with the Treasury Regulations of February 14, 1911.

The case is stated in the opinion.

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Chicago: U.S. Supreme Court, "Syllabus," Goldfield Consol. Mines Co. v. Scott, 247 U.S. 126 (1918) in 247 U.S. 126 247 U.S. 127. Original Sources, accessed November 24, 2024, http://originalsources.com/Document.aspx?DocID=89ISDS4VI1N4FSA.

MLA: U.S. Supreme Court. "Syllabus." Goldfield Consol. Mines Co. v. Scott, 247 U.S. 126 (1918), in 247 U.S. 126, page 247 U.S. 127. Original Sources. 24 Nov. 2024. http://originalsources.com/Document.aspx?DocID=89ISDS4VI1N4FSA.

Harvard: U.S. Supreme Court, 'Syllabus' in Goldfield Consol. Mines Co. v. Scott, 247 U.S. 126 (1918). cited in 1918, 247 U.S. 126, pp.247 U.S. 127. Original Sources, retrieved 24 November 2024, from http://originalsources.com/Document.aspx?DocID=89ISDS4VI1N4FSA.

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