The Under Secretary of War determined that profits in the amount of $35,000 realized by the petitioner during the fiscal period from April 1 to December 31, 1942, on sales subject to renegotiation were excessive.
The issues are (1) whether the petitioner had sales subject to renegotiation during the fiscal period ended December 31, 1942, in the amount of $185,689.61, and, if its renegotiable sales exceeded $100,000, (2) whether it realized excessive profits of $35...
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