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Parsons v. Smith, 359 U.S. 215 (1959)
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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.
Parsons v. Smith, 359 U.S. 215 (1959)
Parsons v. Smith No. 218 Argued March 4, 1959 Decided April 6, 1959 * 359 U.S. 215
CERTIORARI TO THE UNITED STATES COURT OF APPEALS
FOR THE THIRD CIRCUIT
Syllabus
Under contracts with the owners of coal-bearing lands, which were terminable by the owners on short notice without cause, petitioners strip-mined coal for the owners and received for their services a fixed price per ton of coal extracted and delivered. Petitioners were not entitled to keep or sell any of the coal, but were required to deliver all they mined to the owners.
Held: Petitioners were not entitled to percentage depletion deductions under §§ 23(m) and 114(b)(4) of the Internal Revenue Code of 1939 on the amounts received by them for their strip-mining operations, since they had no capital investment or economic interest in the coal in place. Pp. 216-226.
255 F.2d 595, 599, affirmed.
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Chicago:
U.S. Supreme Court, "Syllabus," Parsons v. Smith, 359 U.S. 215 (1959) in 359 U.S. 215 359 U.S. 216. Original Sources, accessed July 1, 2025, http://www.originalsources.com/Document.aspx?DocID=GMYS24BCBZ516VF.
MLA:
U.S. Supreme Court. "Syllabus." Parsons v. Smith, 359 U.S. 215 (1959), in 359 U.S. 215, page 359 U.S. 216. Original Sources. 1 Jul. 2025. http://www.originalsources.com/Document.aspx?DocID=GMYS24BCBZ516VF.
Harvard:
U.S. Supreme Court, 'Syllabus' in Parsons v. Smith, 359 U.S. 215 (1959). cited in 1959, 359 U.S. 215, pp.359 U.S. 216. Original Sources, retrieved 1 July 2025, from http://www.originalsources.com/Document.aspx?DocID=GMYS24BCBZ516VF.
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