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NORTHWEST AUTOMATIC PRODUCTS CORP. v. U.S.

Docket No. 798-R.

24 T.C. 460 (1955)

NORTHWEST AUTOMATIC PRODUCTS CORPORATION, A MINNESOTA CORPORATION, PETITIONER, v. THE UNITED STATES OF AMERICA, RESPONDENT.

United States Tax Court.

Filed June 23, 1955.

Attorney(s) appearing for the Case

Benedict S. Deinard, Esq., for the petitioner.

Harlan F. Leathers, Esq., for the respondent.

Respondent determined by order dated April 30, 1947, that the petitioner, Northwest Automatic Products Corporation (hereinafter called Northwest), realized excessive profits in the amount of $180,275.52 (after adjustment for taxes other than Federal taxes) on contracts subject to renegotiation for its fiscal year ended December 31, 1944. It is stipulated by the parties that the Court shall determine excessive profits in the amount of $180,275.52, as previously determined...

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