Mills Manufacturing Corp. v. United States

These renegotiation cases, in which plaintiffs profits for its fiscal years 1967, 1968 and 1969, are at issue, come before the court on defendant’s exceptions to findings of fact and recommended decision by Trial Judge Harkins. The Renegotiation Board determined that plaintiff had realized excessive profits in the amount of $500,000 for its fiscal year 1967, $550,000 for 1968, and $150,000 for 1969. Plaintiff petitioned the United States Tax Court for a redetermination of the board’s orders for 1967 and 1968, on May 16, 1969 and August 24, 1970, respectively. Pursuant to the extension of the…