Trace v. War Contracts Price Adjustment Board
United States Tax Court
Pursuant to the provisions of section 403 (e) (1) of the Renegotiation Act of 1943, the petitioner filed petitions with this Court contesting certain unilateral orders of the War Contracts Price Adjustment Board.
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Pursuant to the provisions of section 403 (e) (1) of the Renegotiation Act of 1943, the petitioner filed petitions with this Court contesting certain unilateral orders of the War Contracts Price Adjustment Board. While the matters raised by these petitions were still pending in this Court, Congress enacted the Renegotiation Act of 1951 which abolished the War Contracts Price Adjustment Board and provided in section 201 (h) of that Act that the United States might be substituted as respondent for the War Contracts Price Adjustment Board upon motion or supplemental petition filed with this…
1Opinion of the Court
OPINION.
Hill, Judge:
In Docket Nos. 406-R, 547-R, and 748-R.the War Contracts Price Adjustment Board issued a unilateral order determining that the petitioner for his fiscal years ended December 31,1943, December 31,1944, and December 31, 1945, respectively, had realized excessive profits. The petitioner filed petitions with this Court for a redetermination of the issue. The authority under which the petitioner filed his petitions and by which this Court had jurisdiction thereof is section 403 (e) (1) of the Renegotiation Act of 1943, which provides in pertinent part as follows:
Any contractor…
2Cases cited3 opinions
- Chairman of United States Maritime Commission v. California Eastern Line, Inc.Court of Appeals for the D.C. Circuit · 1953
- Iverson & Laux, Inc. v. ForrestalUnited States Tax Court · 1946
- Frank M. Hill Machine Co. v. StimsonUnited States Tax Court · 1945
3Cited by5 opinions
- Fairmont Aluminum Co. v. CommissionerUnited States Tax Court · 1954
- Fairmont Aluminum Co. v. CommissionerUnited States Tax Court · 1954
- Ferro-Co Corporation v. War Contracts Price Adjustment BoardCourt of Appeals for the D.C. Circuit · 1957
- Trace v. United StatesUnited States Tax Court · 1955
- Trace v. War Contracts Price Adjustment BoardUnited States Tax Court · 1953