Offner Products Corp. v. Renegotiation Board
United States Tax Court
Held: 1. Research and development expenses incurred in 1954 are not allocable to petitioner's renegotiable business. 2. Advertising expenses incurred in 1954 are not allocable to renegotiable business. 3. Petitioner's profits for 1954 were not excessive.
1Opinion of the Court
Offner Products Corporation, Petitioner v. Renegotiation Board, Respondent
Offner Products Corp. v. Renegotiation Board
Docket No. 986-R.
United States Tax Court
50 T.C. 856; 1968 U.S. Tax Ct. LEXIS 67;
September 16, 1968, Filed
Decision will be entered for the petitioner.
Held: 1. Research and development expenses incurred in 1954 are not allocable to petitioner's renegotiable business.
2. Advertising expenses incurred in 1954 are not allocable to renegotiable business.
3. Petitioner's profits for 1954 were not excessive.
Lester Reinwald and Morris Glasser, for the petitioner.
Irwin Goldbloom, for the…
2Cases cited7 opinions
- Oscar F. Collins v. New York Central System, a Body CorporateCourt of Appeals for the D.C. Circuit · 1963
- Boeing Co. v. Renegotiation BoardUnited States Tax Court · 1962
- Vaughn Machinery Co. v. Renegotiation BoardUnited States Tax Court · 1958
- Martin Mfg. Co. v. Renegotiation BoardUnited States Tax Court · 1965
- North American Aviation, Inc. v. Renegotiation BoardUnited States Tax Court · 1962
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