Waltham Screw Co. v. Renegotiation Board
United States Tax Court
Petitioner ascertained the amount of its renegotiable subcontract sales by inquiry of its customers. After the petition was filed, the Board by amended answer sought an increase in the amount of excessive profits. It was stipulated that the Board's analysis of petitioner's records showed additional orders indicating renegotiable subcontracts. The analysis was not put in evidence and petitioner says it was prepared to show that such orders were not renegotiable.
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Petitioner ascertained the amount of its renegotiable subcontract sales by inquiry of its customers. After the petition was filed, the Board by amended answer sought an increase in the amount of excessive profits. It was stipulated that the Board's analysis of petitioner's records showed additional orders indicating renegotiable subcontracts. The analysis was not put in evidence and petitioner says it was prepared to show that such orders were not renegotiable. Held: 1. The Board failed to meet its burden of proving excessive profits in an amount greater than that originally determined. 2.…
1Opinion of the Court
Waltham Screw Company, Petitioner, v. Renegotiation Board, Respondent
Waltham Screw Co. v. Renegotiation Board
Docket No. 918-R
United States Tax Court
31 T.C. 227; 1958 U.S. Tax Ct. LEXIS 51;
October 27, 1958, Filed
Petitioner ascertained the amount of its renegotiable subcontract sales by inquiry of its customers. After the petition was filed, the Board by amended answer sought an increase in the amount of excessive profits. It was stipulated that the Board's analysis of petitioner's records showed additional orders indicating renegotiable subcontracts. The analysis was not put in evidence and…
2Cases cited6 opinions
- Cohen v. Secretary of WarUnited States Tax Court · 1946
- Albert & J. M. Anderson Mfg. Co. v. Secretary of WarUnited States Tax Court · 1949
- Connecticut Marine Boiler Works v. Secretary Maritime Com.United States Tax Court · 1951
- Eastern Machinery Co. v. Under Secretary of WarUnited States Tax Court · 1949
- Waltham Screw Co. v. Renegotiation BoardUnited States Tax Court · 1958
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