WESTERN PRECIPITATION CORPORATION v. HENDERSON

Docket No. 192-R.

9 T.C. 877 (1947)

WESTERN PRECIPITATION CORPORATION, PETITIONER, v. CHARLES B. HENDERSON, HENRY A. MULLIGAN, HOWARD J. KLOSSNER, SAM H. HUSBANDS, CHARLES T. FISHER, JR., CONSTITUTING THE BOARD OF DIRECTORS OF THE RECONSTRUCTION FINANCE CORPORATION, RESPONDENTS.

United States Tax Court.

Promulgated October 31, 1947.


Attorney(s) appearing for the Case

George Bouchard, Esq., for the petitioner.

Julian R. Wilheim, Esq., for the respondents.


The petitioner asks redetermination of its excessive profits, if any, derived during its fiscal year ended December 31, 1942, from contracts subject to renegotiation under the Renegotiation Act of 1942 as amended, the Reconstruction Finance Corporation Price Adjustment Board having determined under that act that such profits were excessive in the amount of $10,000. Petitioner contends that it had no excessive profits. Respondents, by amended answer, ask that we find excessive...

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