The War Contracts Price Adjustment Board determined that $11,683.08 of the profits realized by petitioner during the year 1943 on contracts and subcontracts subject to renegotiation was excessive. Notice of such determination, dated December 19, 1944, was sent to petitioner. The present proceeding is brought in this Court pursuant to section 403 (e) of the Renegotiation Act (Sixth Supplemental National Defense Appropriation Act, 1942, as amended).
Paragraph 4 of the...
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