Winfield Mfg. Co. v. Renegotiation Board
United States Tax Court
During its fiscal year ended June 30, 1966, the petitioner produced combat and sateen trousers under 11 contracts with the Defense Supply Agency, using Government-furnished materials. The amount of excessive profits on such contracts in such year determined.
1Opinion of the Court
AtkiNS, Judge:
Respondent, by an unilateral order dated September 12,1968, determined that petitioner’s profits on renegotiable contracts for the production of military trousers for the Defense Supply Agency, totaling $640,014 for its fiscal year ended June 30, 1966, were excessive to the extent of $275,000. In an amendment to its answer made at trial respondent asked this Court to increase the amount of excessive profits from $275,000 to $350,000.
The issue presented for decision is the extent, if any, to which the profits realized by petitioner were excessive in light of the statutory factors…
2Cases cited1 opinion
- Martin Mfg. Co. v. Renegotiation BoardUnited States Tax Court · 1965
3Cited by3 opinions
- Major Coat Co. v. United StatesUnited States Court of Claims · 1976
- Blue Bell, Inc. v. United StatesUnited States Court of Claims · 1977
- Winfield Mfg. Co. v. Renegotiation BoardUnited States Tax Court · 1971