Case Name: Interborough News Co., Petitioner, v. Commissioner of Internal Revenue, Respondent
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1927-02-28
Citations: 6 B.T.A. 340
Docket Number: Docket No. 8170
Parties: Interborough News Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: 
Reporter: Reports of the United States Board of Tax Appeals
Volume: 6
Pages: 340–340

Head Matter:
Interborough News Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 8170.
Promulgated February 28, 1927.
G. A. Sehultheis, for the petitioner.
G. E. Curl, Esq., for the respondent.

Opinion:
OPINION.
MoRRis:
No testimony was introduced at the hearing and the above findings of fact consist of the allegations of fact set forth in the petition which were admitted in the answer. We have previously held that, in determining the consolidated invested capital of an affiliated group, the operating deficits of any member shall be offset against the earned surplus of the others. Appeal of Gould Coupler Co., 5 B. T. A. 499; Appeal of W. S. Bogle & Co., 5 B. T. A. 541. Those decisions are controlling of the question herein raised.
Judgment will Toe entered for the respondent.