Case Name: Appeal of CONSOLIDATED ELECTRIC LAMP CO.
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1925-02-26
Citations: 1 B.T.A. 616
Docket Number: Docket No. 555
Parties: Appeal of CONSOLIDATED ELECTRIC LAMP CO.
Judges: Before IviNS, Korner, and Marquette.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 1
Pages: 616–617

Head Matter:
Appeal of CONSOLIDATED ELECTRIC LAMP CO.
Docket No. 555.
Submitted January 26, 1925;
decided February 26, 1925.
E. E. Wdhefield, Esq., and O. J. McGuire, Esq., for the taxpayer.
J. D. Foley, Esq. (Nelson T. Hartson, Solicitor of Internal Revenue) for the Commissioner.
Before IviNS, Korner, and Marquette.

Opinion:
DECISION.
The taxpayer and the Chicago Electric Lamp Co. were affiliated corporations entitled to file a consolidated return for 1919 under section 240 of the Bevenue Act of 1918.
The taxpayer was not entitled to include in invested capital the item of $45,064.63 claimed by it as paid-in surplus.
The tax should be recomputed in accordance with the foregoing. Final determination will be settled upon ten days' notice in accordance with Buie 50.