Calorizing Co. v. Stimson
United States Tax Court
Under date of March 14, 1944, the respondent requested petitioner to furnish data and information to be used as a basis for renegotiating the amount, if any, of excessive profits realized by petitioner on its renegotiable business for the fiscal year ended April 30, 1943. The information and data were supplied pursuant to request.
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Under date of March 14, 1944, the respondent requested petitioner to furnish data and information to be used as a basis for renegotiating the amount, if any, of excessive profits realized by petitioner on its renegotiable business for the fiscal year ended April 30, 1943. The information and data were supplied pursuant to request. Renegotiation conferences and meetings were held, all within the remainder of the year 1944. On March 30, 1945, the Secretary of War made a unilateral determination that $ 100,000 of profits realized by petitioner on its renegotiable business for the said year…
1Opinion of the Court
OPINION.
Turner, Judge-.
The Secretary of War made a unilateral determination that $100,000 of the profits realized by the petitioner from its renegotiable business during its fiscal year ended April 30, 1943, constituted excessive profits within the meaning of the Renegotiation Act. The statutory notice of this determination, dated March 30, 1945, was mailed to and received by petitioner. The present proceeding is brought to determine the correctness of that determination. The petitioner has now moved, however, that the Court enter an order that the petitioner has no liability for excessive…
2Cases cited1 opinion
- J. H. Sessions & Son v. Secretary of WarUnited States Tax Court · 1946
3Cited by3 opinions
- Stein Bros. Mfg. Co. v. Secretary of WarUnited States Tax Court · 1946
- Calorizing Co. v. StimsonUnited States Tax Court · 1946
- Stein Bros. Mfg. Co. v. Secretary of WarUnited States Tax Court · 1946