Kingston S.S. Corp. v. Renegotiation Board
United States Tax Court
Held, the Renegotiation Act of 1951, as amended, specifically applies to petitioners' contracts with the Department of the Navy.
1Opinion of the Court
OPINION
Arundell, Judge:
Under date of June 15, 1960, the Renegotiation Board issued its Order After Review determining that the Kingston Steamship Oorp. had received excessive profits under the Renegotiation Act of 1951, as amended, in the amount of $150,000 with respect to the fiscal year of the contractor ended March 31, 1957, upon contracts and subcontracts. On the same date the respondent issued a similar order determining that the Rockland Steamship Oorp. had received excessive profits under the aforesaid Renegotiation Act of 1951 in the amomit of $125,000 with respect to. certain…
2Cases cited2 opinions
- Grob Bros. v. Secretary of WarUnited States Tax Court · 1947
- United States v. Rockland Steamship Corp.District Court, S.D. New York · 1963
3Cited by1 opinion
- Kingston S.S. Corp. v. Renegotiation BoardUnited States Tax Court · 1966