# Interborough News Co. v. Commissioner > United States Board of Tax Appeals · February 28, 1927 · 6 B.T.A. 340 URL: https://www.frixlaw.com/law-library/cases/4499732 ## Case - **Full name:** INTERBOROUGH NEWS CO., v. COMMISSIONER OF INTERNAL REVENUE - **Court:** United States Board of Tax Appeals - **Decided:** February 28, 1927 - **Citations:** 6 B.T.A. 340; 1927 BTA LEXIS 3533 - **Precedential status:** Published - **Opinion:** Opinion of the court by Morris - **Judges:** Morris - **Cited by:** 1 later opinions in the Frix Law Library ## Citator (automated) - No negative treatment found by the automated citator. That is not the same as a confirmation that the case is good law; read the citing cases. - Full citator and citing cases: https://www.frixlaw.com/law-library/cases/4499732 ## Opinion text 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. --- Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/4499732. Public record. Not legal advice.