Park Sherman Co. v. United States
United States Tax Court
1. Petitioners' profits from sales pursuant to contracts with the War Department, held, renegotiable although items purchased by said Department were intended for resale, and said Department expected reimbursement from nonappropriated funds of resale agencies for amounts paid under said contract from funds appropriated by Congress. 2. Profits from sales pursuant to contracts with the War and Navy Departments, held, renegotiable although exact quantities were not quoted,…
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1. Petitioners' profits from sales pursuant to contracts with the War Department, held, renegotiable although items purchased by said Department were intended for resale, and said Department expected reimbursement from nonappropriated funds of resale agencies for amounts paid under said contract from funds appropriated by Congress. 2. Profits from sales pursuant to contracts with the War and Navy Departments, held, renegotiable although exact quantities were not quoted, orders to be based on needs, United States v. Purcell Envelope Co., 249 U.S. 313, and billing and payment to be accomplished…
1Opinion of the Court
Park Sherman Co., Petitioner, v. The United States of America, Respondent. Park Bloomington, Inc., Petitioner, v. The United States of America, Respondent
Park Sherman Co. v. United States
Docket Nos. 698-R, 707-R, 699-R.
United States Tax Court
29 T.C. 175; 1957 U.S. Tax Ct. LEXIS 50;
October 30, 1957, Filed
Decisions will be entered under Rule 50.
1. Petitioners' profits from sales pursuant to contracts with the War Department, held, renegotiable although items purchased by said Department were intended for resale, and said Department expected reimbursement from nonappropriated funds of resale…
2Cases cited8 opinions
- Cohan v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- Norwegian Nitrogen Products Co. v. United StatesSupreme Court of the United States · 1933
- Willard, Sutherland & Co. v. United StatesSupreme Court of the United States · 1923
- United States v. Purcell Envelope Co.Supreme Court of the United States · 1919
- Rosner v. War Contracts Price Adjustment BoardUnited States Tax Court · 1951
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