Bittner v. United States
United States Tax Court
Held, on the facts, that a contract under which petitioner received payments during the calendar year 1943 was a subcontract within the meaning of section 403 (a) (5) (B) of the Renegotiation Act of 1943.
1Opinion of the Court
OPINION.
TuRNee, Judge:
By section 403 (c) (6) of the Eenegotiation Act of 1943,2 the profits received under a subcontract, as defined by section 403 (a) (5) (B) of the Act, are not subject to renegotiation, unless the aggregate of the amounts received or accrued in a fiscal year ending after June 30,1943, exceeds $25,000. The income of the petitioner for the calendar year 1943 under the contract herein was in excess of $25,000, and petitioner has stipulated that if the $25,000 limitation specified in section 403 (c) (6) is the controlling limitation, a decision may be entered “determining…
2Cases cited2 opinions
- Iverson & Laux, Inc. v. ForrestalUnited States Tax Court · 1946
- Armstrong v. War Contracts Price Adjustment BoardUnited States Tax Court · 1950
3Cited by1 opinion
- Bittner v. United StatesUnited States Tax Court · 1956