Gamlen Chemical Co. v. United States
United States Tax Court
Renegotiation -- $ 500,000 Limitation. -- A determination of excessive profits need not be limited to the excess over $ 500,000 of the renegotiable income.
1Opinion of the Court
Gamlen Chemical Company, Harry Gamlen, Harry C. Gamlen and James E. Gamlen, Co-Partners, Petitioners, v. United States of America, Respondent
Gamlen Chemical Co. v. United States
Docket No. 902-R.
United States Tax Court
27 T.C. 747; 1957 U.S. Tax Ct. LEXIS 271;
January 31, 1957, Filed
Decision will be entered for the respondent.
Renegotiation -- $ 500,000 Limitation. -- A determination of excessive profits need not be limited to the excess over $ 500,000 of the renegotiable income.
Lawrence Livingston, Esq., for the petitioners.
James H. Prentice, Esq., for the respondent.
Murdock, Judge.
MURDOCK
OPINION…
2Cases cited3 opinions
- Beeley v. War Contracts Price Adjustment BoardUnited States Tax Court · 1949
- Wolff v. MacauleyUnited States Tax Court · 1949
- Gamlen Chemical Co. v. United StatesUnited States Tax Court · 1957