1. Home
  2. Browse Decisions
  3. T.C.
  4. 9 T.C.
  5. 9 T.C. 1103 (1947)
 

SUPPLY DIVISION INC. v. WAR CONTRACTS PRICE ADJUSTMENT BOARD

Docket No. 199-R.

9 T.C. 1103 (1947)

SUPPLY DIVISION, INC., PETITIONER, v. WAR CONTRACTS PRICE ADJUSTMENT BOARD, RESPONDENT.

United States Tax Court.

Promulgated December 15, 1947.

Attorney(s) appearing for the Case

Carl J. Batter, Esq., and James C. Thompson, C. P. A., for the petitioner.

William V. Crosswhite, Esq., and Paul L. Muilenburg, Esq., for the respondent.

The respondent determined that petitioner's profits on contracts subject to renegotiation during the year ended December 31, 1943, were excessive to the extent of $60,000, within the meaning of the Renegotiation Act, and that after adjustment for state taxes the net amount to be eliminated was $59,562.34. The respondent has now affirmatively alleged that petitioner's excessive profits for the period in question amounted to $75,000.

FINDINGS OF FACT.

The...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases