Minneapolis Star & Tribune Co. v. Commissioner of Taxation

Peterson, Justice.

The commissioner of taxation disallowed a deduction for certain net operating losses claimed by relator taxpayer for its taxable year ended February 24, 1962, and accordingly assessed additional tax with interest for that period. Upon appeal, the Tax Court sustained the commissioner’s order. We issued a writ of certiorari to review the order of the Tax Court.

All relevant facts have been stipulated. Relator, a Delaware corporation, has its general offices and commercial domicile in Minnesota, where throughout the relevant period of time it has published two daily newspapers.…