depletion deduction
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 359 U.S. 215 - Parsons v. Smith · 1959Most cited · 321 citing opinions
The purpose of the depletion deduction is to permit the owner of a capital interest in mineral in place to make a tax-free recovery of that depleting capital asset.
How often courts cite the case defining “depletion deduction”
Court decisions citing the opinion that defined “depletion deduction” — 321 in all, by decade. Counts are citations to the defining case as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.