Bass v. Stimson
United States Tax Court
1. Where the income from contracts accrued, under both the accrual and completed contract method of accounting, during a fiscal year ending prior to July 1, 1943, the Secretary of War has authority to determine whether any part of the profits from such contracts is excessive. 2. Where the respondent has divided the contracts into groups for purposes of renegotiation, his determination of excessive profits is not invalid in the absence of evidence that the grouping was…
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1. Where the income from contracts accrued, under both the accrual and completed contract method of accounting, during a fiscal year ending prior to July 1, 1943, the Secretary of War has authority to determine whether any part of the profits from such contracts is excessive. 2. Where the respondent has divided the contracts into groups for purposes of renegotiation, his determination of excessive profits is not invalid in the absence of evidence that the grouping was unreasonable or improper. 3. The Renegotiation Act of 1942, as amended, held constitutional. Lichter v. United States, 334…
1Opinion of the Court
Joseph A. Bass, Raymond J. Bass, Josephine A. Bass, and Anita Ruth Bass, Copartners Doing Business under the Name and Style of Joseph A. Bass Company; Paul Steenberg Construction Company, a Corporation; and Fleisher Engineering & Construction Co., a Corporation; all Together as Joint Contractors and Coventurers, Petitioners, v. Henry L. Stimson, Secretary of War of the United States, and Robert P. Patterson, Under Secretary of War of the United States, Respondents
Bass v. Stimson
Docket Nos. 108-R, 109-R
United States Tax Court
20 T.C. 428; 1953 U.S. Tax Ct. LEXIS 149;
May 22, 1953, Promulgated
Deci…
2Cases cited11 opinions
- Lichter v. United StatesSupreme Court of the United States · 1948
- Stein Bros. Mfg. Co. v. Secretary of WarUnited States Tax Court · 1946
- Cohen v. Secretary of WarUnited States Tax Court · 1946
- Ring Constr. Corp. v. Secretary of WarUnited States Tax Court · 1947
- Ring Const. Corporation v. Secretary of War of United StatesCourt of Appeals for the D.C. Circuit · 1949
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