Martin Mfg. Co. v. Renegotiation Board
United States Tax Court
In 1959 and 1960 petitioner manufactured shirts and jumpers for the armed services under contracts requiring it either to deposit the cash equivalent of the value of the Government-furnished material for the garments or post bond in like amount. The contracts were obtained in open competitive bidding. Held, that petitioner's profits for 1959 and 1960 were not excessive.
1Opinion of the Court
Martin Manufacturing Company, Inc., Petitioner, v. Renegotiation Board, Respondent
Martin Mfg. Co. v. Renegotiation Board
Docket Nos. 1027-R, 1029-R.
United States Tax Court
44 T.C. 559; 1965 U.S. Tax Ct. LEXIS 56;
July 15, 1965, Filed
Decisions will be entered for the petitioner.
In 1959 and 1960 petitioner manufactured shirts and jumpers for the armed services under contracts requiring it either to deposit the cash equivalent of the value of the Government-furnished material for the garments or post bond in like amount. The contracts were obtained in open competitive bidding. Held, that…
2Cases cited2 opinions
- Martin Mfg. Co. v. Renegotiation BoardUnited States Tax Court · 1965
- Ellis Coat Co. v. Secretary of WarUnited States Tax Court · 1947