Dynasciences Corp. v. United States

This is a petition, originally filed in this court, for redetermination of plaintiffs excessive profits for its fiscal year ended June 30, 1967. We have jurisdiction under 50 U.S.C. App. § 1218, as amended. The Renegotiation Board, by unilateral order dated November 23, 1971, determined that plaintiff realized excessive profits in the said 1967 fiscal year in the amount of $125,000, ($111,676 after adjustment on account of state income taxes, and before computation of the federal tax credit), leaving it with 11.3% of profit on its renegotiable sales. See Chart A for summary.

The case was tried…