Brady v. War Contracts Price Adjustment Board
United States Tax Court
The Secretary of the Navy commenced on September 7, 1943, renegotiation of petitioner's war contracts for the year ended December 31, 1943. The renegotiation so commenced was uncompleted and pending when the Renegotiation Act of 1943 was passed on February 25, 1944. That act created the War Contracts Price Adjustment Board, with exclusive authority to renegotiate for all fiscal years ending after June 30, 1943. The determination of excessive profits by the Board on December…
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The Secretary of the Navy commenced on September 7, 1943, renegotiation of petitioner's war contracts for the year ended December 31, 1943. The renegotiation so commenced was uncompleted and pending when the Renegotiation Act of 1943 was passed on February 25, 1944. That act created the War Contracts Price Adjustment Board, with exclusive authority to renegotiate for all fiscal years ending after June 30, 1943. The determination of excessive profits by the Board on December 20, 1944, concluded the renegotiation. Petitioner contends that such determination was not made within one year…
1Opinion of the Court
John B. Brady, Petitioner, v. War Contracts Price Adjustment Board, Respondent
Brady v. War Contracts Price Adjustment Board
Docket No. 140-R
United States Tax Court
11 T.C. 280; 1948 U.S. Tax Ct. LEXIS 92;
September 15, 1948, Promulgated
The Secretary of the Navy commenced on September 7, 1943, renegotiation of petitioner's war contracts for the year ended December 31, 1943. The renegotiation so commenced was uncompleted and pending when the Renegotiation Act of 1943 was passed on February 25, 1944. That act created the War Contracts Price Adjustment Board, with exclusive authority to renegotiate…
2Cases cited1 opinion
- Brady v. War Contracts Price Adjustment BoardUnited States Tax Court · 1948