Glenfield Machine & Tool Co. v. War Contracts Price Adjustment Board
United States Tax Court
Partnership A was in business from January 1 to February 28, 1945, when one of the partners withdrew from the partnership. During that period it received amounts under contracts covered by the Renegotiation Act. It filed a "Final" partnership return of income for the period from January 1, 1945, and ending February 28, 1945. Partnership B was in business from March 1 to May 23, 1945, when one of the partners died.
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Partnership A was in business from January 1 to February 28, 1945, when one of the partners withdrew from the partnership. During that period it received amounts under contracts covered by the Renegotiation Act. It filed a "Final" partnership return of income for the period from January 1, 1945, and ending February 28, 1945. Partnership B was in business from March 1 to May 23, 1945, when one of the partners died. During that period it also received amounts under contracts covered by the Renegotiation Act. It filed a "First and Final" partnership return of income for the year beginning March…
1Opinion of the Court
Glenfield Machine and Tool Company, a Co-Partnership as Composed of George F. McCall, James McCall, Patrick Clark, Peter McCall, John Clark, and John McCall, Petitioner, v. War Contracts Price Adjustment Board, Respondent. Glenfield Machine and Tool Company, a Co-Partnership as Composed of George F. McCall, James McCall, Patrick Clark, Peter McCall, and John Clark, Petitioner, v. War Contracts Price Adjustment Board, Respondent
Glenfield Machine & Tool Co. v. War Contracts Price Adjustment Board
Docket Nos. 720-R, 721-R
United States Tax Court
16 T.C. 27; 1951 U.S. Tax Ct. LEXIS 318;
January 10,…
2Cases cited2 opinions
- Jacobs v. CommissionerUnited States Tax Court · 1946
- Glenfield Machine & Tool Co. v. War Contracts Price Adjustment BoardUnited States Tax Court · 1951