Lowell Wool By-Products Co. v. War Contracts Price Adjustment Board

OPINION.

Disney, Judge-.

Since we have found that the petitioner’s gross sales, after discounts of $620.15 for the fiscal year, are $97,769.92, it is apparent therefore that its renegotiable profits are no more than that amount, therefore are less than $500,000, and that the petitioner is, within the language of section 403 (c) (6) of the Renegotiation Act, exempt from renegotiation, unless, under the same section, as the respondent contends, it was “under the control of or controlling or under common control with” Nichols, the renegotiate sales of which were more than $500,000. We, therefore,…