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KINGSTON STEAMSHIP CORP. v. RENEGOTIATION BOARD

Docket Nos. 1009-R, 1010-R.

46 T.C. 288 (1966)

KINGSTON STEAMSHIP CORPORATION, PETITIONER, v. RENEGOTIATION BOARD, RESPONDENT. ROCKLAND STEAMSHIP CORPORATION, PETITIONER, v. RENEGOTIATION BOARD, RESPONDENT.

United States Tax Court.

Filed May 24, 1966.

Attorney(s) appearing for the Case

Robert A. Kagan, for the petitioners.

Irwin Goldbloom, for the respondent.

OPINION

ARUNDELL, Judge:

Under date of June 15, 1960, the Renegotiation Board issued its Order After Review determining that the Kingston Steamship Corp. had received excessive profits under the Renegotiation Act of 1951, as amended, in the amount of $150,000 with respect to the fiscal year of the contractor ended March 31, 1957, upon contracts and subcontracts. On the same date the respondent issued a similar order determining that the Rockland Steamship...

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