United States v. Bass

NORDBYE, Chief Judge.

Under the terms of the Renegotiation Act, as amended, 50 U.S.C.A.Appendix, § 1191, the Under Secretary of War, on August 30, 1944, issued two unilateral orders determining that defendants had realized excessive profits in the amounts of $170,000 and $465,000 on certain war contracts. Defendants then filed timely petitions in the Tax Court, under authority of Section 403(c) of the Renegotiation Act, as amended by Section 701 of the Internal Revenue Code of 1943, Title VII, seeking a redetermination of excessive profits. While the action before the Tax Court was still…