Page-River-Curran v. United States

This is a petition, originally filed in the Tax Court, for redetermination of the excessive profits of a joint venture for its accounting year ended December 31, 1963. The Renegotiation Board determined by unilateral order that petitioner realized excessive profits in the amount of $1,200,000, before tax credits, and ordered elimination of that amount under 50 U.S.C. App. § 1215. The Tax Court *251petition was transferred here under Pub.L No. 92-41, 85 Stat. 97, 98, and we have jurisdiction under the same statute, which amended 50 U.S.C. App. § 1218.

The case was tried before Trial Judge David…