North American Aviation, Inc. v. Renegotiation Board
United States Tax Court
The amounts of petitioner's excessive profits on renegotiable contracts in 1953 and 1954, determined.
1Opinion of the Court
MulRONet, Judge:
Respondent issued its unilateral order determining that for the fiscal years 1953 and 1954, ended September 30, petitioner received excessive profits on its renegotiable business in the amounts of $6 million and $14 million, respectively. By an amendment to its answer respondent now claims excessive profits for 1953 in the sum of $16 million and for 1954 in the sum of $21,500,000.
The evidence was heard by a commissioner of the Court, and his report, with such amendments as we deem appropriate, after consideration of the objections thereto submitted by the parties, is adopted…
2Cases cited4 opinions
- United States v. Warsaw Elevator Co.Court of Appeals for the Second Circuit · 1954
- Boeing Co. v. Renegotiation BoardUnited States Tax Court · 1962
- Warner v. War Contracts Price Adjustment BoardUnited States Tax Court · 1950
- La Grand Industrial Supply Co. v. United StatesUnited States Tax Court · 1954
3Cited by7 opinions
- Aero Spacelines, Inc. v. United StatesUnited States Court of Claims · 1976
- Mason & Hanger-Silas Mason Co. v. United StatesUnited States Court of Claims · 1975
- LTV Aerospace Corp. v. Renegotiation BoardUnited States Tax Court · 1968
- Offner Products Corp. v. Renegotiation BoardUnited States Tax Court · 1968
- LTV Aerospace Corp. v. Renegotiation BoardUnited States Tax Court · 1968
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