U. S. Electrical Motors, Inc. v. Jones

PRETTYMAN, Associate Justice.

Petitioner on review filed a petition with The Tax Court of the United States for a redetermination of excessive profits as determined by the Price Adjustment Board of the Reconstruction Finance Corporation. The pertinent statute provided: “ * * * any such contractor or subcontractor aggrieved by a determination of the Secretary made on or after the date of the enactment of the Revenue Act of 1943, with respect to any such fiscal year [i. e., ending before July 1, 1943], as to the existence of excessive profits, which is not embodied in an agreement with the…