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Goldfield Consol. Mines Co. v. Scott, 247 U.S. 126 (1918)
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General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
Goldfield Consol. Mines Co. v. Scott, 247 U.S. 126 (1918)
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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.
Contents:
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 July 1, 2025, http://www.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. 1 Jul. 2025. http://www.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 1 July 2025, from http://www.originalsources.com/Document.aspx?DocID=89ISDS4VI1N4FSA.
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