Eldorado Coal & Mining Co. v. Mager - 255 U.S. 522 (1921)
U.S. Supreme Court
Eldorado Coal & Mining Co. v. Mager, 255 U.S. 522 (1921)
Eldorado Coal & Mining Co. v. Mager
Argued January 12, 1921
Decided March 28, 1921
255 U.S. 522
A mining corporation, upon a sale of its mine and plant in 1917, realized a profit representing an appreciation in their value since March 1, 1913. Held that the increase was taxable as income. P. 255 U. S. 526. Merchants' Loan & Trust Co. v. Smietanka, ante, 255 U. S. 509.
The case is stated in the opinion.