economic advantage
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 310 U.S. 404 - Anderson v. Helvering · 1940Most cited · 672 citing opinions
A share in the net profits derived from development and operation does not entitle the holder of such interest to a depletion allowance even though continued production is essential to the realization of such profits. Such an interest has been characterized as a mere economic advantage derived from production, through a contractual relation to the owner.