Bibb Mfg. Co. v. Secretary of War
United States Tax Court
1. Renegotiation -- Constitutionality. -- The Renegotiation Act is constitutional as applied to the petitioner for the fiscal year 1942. 2. Renegotiation -- Jurisdiction. -- The Court has jurisdiction to consider sales subject to renegotiation in an amount greater than that determined by the Secretary, for purposes of redetermining the amount of excessive profits derived therefrom by a subcontractor. 3. Renegotiation -- Final Payment -- Section 403 (c) (6). -- The entire…
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1. Renegotiation -- Constitutionality. -- The Renegotiation Act is constitutional as applied to the petitioner for the fiscal year 1942. 2. Renegotiation -- Jurisdiction. -- The Court has jurisdiction to consider sales subject to renegotiation in an amount greater than that determined by the Secretary, for purposes of redetermining the amount of excessive profits derived therefrom by a subcontractor. 3. Renegotiation -- Final Payment -- Section 403 (c) (6). -- The entire sales under subcontracts on which deliveries were made and payments therefor were received by a subcontractor both prior to…
1Opinion of the Court
Bibb Manufacturing Company, Petitioner, v. The Secretary of War, Respondent
Bibb Mfg. Co. v. Secretary of War
Docket No. 87-R
United States Tax Court
12 T.C. 665; 1949 U.S. Tax Ct. LEXIS 216;
April 29, 1949, Promulgated
1. Renegotiation -- Constitutionality. -- The Renegotiation Act is constitutional as applied to the petitioner for the fiscal year 1942.
2. Renegotiation -- Jurisdiction. -- The Court has jurisdiction to consider sales subject to renegotiation in an amount greater than that determined by the Secretary, for purposes of redetermining the amount of excessive profits derived therefrom by…
2Cases cited1 opinion
- Bibb Mfg. Co. v. Secretary of WarUnited States Tax Court · 1949