Harney v. Land
United States Tax Court
1. Held, the renegotiation proceedings involved were commenced in the form and manner and within the period of limitation prescribed by the applicable renegotiation statutes. 2. Held, under the circumstances herein, the respondent could validly determine the amount of excessive profits upon the basis of the consolidated profits of the two partnership contractors for the year 1942. 3. The Renegotiation Acts of 1942 and 1943 are constitutional as applied to the petitioners…
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1. Held, the renegotiation proceedings involved were commenced in the form and manner and within the period of limitation prescribed by the applicable renegotiation statutes. 2. Held, under the circumstances herein, the respondent could validly determine the amount of excessive profits upon the basis of the consolidated profits of the two partnership contractors for the year 1942. 3. The Renegotiation Acts of 1942 and 1943 are constitutional as applied to the petitioners herein. 4. The amount of excessive profits determined.
1Opinion of the Court
Maurice W. Harney, George E. Murphy, Harry B. Murphy, Spar Manufacturers, and Harney-Murphy Supply Company, Petitioners, v. Emory S. Land, Chairman of the United States Maritime Commission, Respondent. Maurice W. Harney, George E. Murphy, Harry B. Murphy, Spar Manufacturers, Petitioners, v. War Contracts Price Adjustment Board, Respondent
Harney v. Land
Docket Nos. 183-R, 548-R
United States Tax Court
14 T.C. 666; 1950 U.S. Tax Ct. LEXIS 219;
April 21, 1950, Promulgated
1. Held, the renegotiation proceedings involved were commenced in the form and manner and within the period of limitation…
2Cases cited5 opinions
- Lichter v. United StatesSupreme Court of the United States · 1948
- Stein Bros. Mfg. Co. v. Secretary of WarUnited States Tax Court · 1946
- Spray Cotton Mills v. Secretary of WarUnited States Tax Court · 1947
- Moening v. War Contracts Price Adjustment BoardUnited States Tax Court · 1950
- Harney v. LandUnited States Tax Court · 1950