Abramson v. R. F. C. Price Adjustment Board
United States Tax Court
1. Renegotiation Act of 1942 is constitutional as applied to petitioner. 2. Mailing of a letter by registered mail to petitioner by the Price Adjustment Board of the War Department on December 20, 1943, stating that it was the commencement of renegotiation proceedings and requesting financial and accounting data for the purpose of determining petitioner's excessive profits during the fiscal year ended December 31, 1942, constituted a commencement of renegotiation proceedings…
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1. Renegotiation Act of 1942 is constitutional as applied to petitioner. 2. Mailing of a letter by registered mail to petitioner by the Price Adjustment Board of the War Department on December 20, 1943, stating that it was the commencement of renegotiation proceedings and requesting financial and accounting data for the purpose of determining petitioner's excessive profits during the fiscal year ended December 31, 1942, constituted a commencement of renegotiation proceedings within the time prescribed by section 403 (c) (6) of the Renegotiation Act of 1942.
1Opinion of the Court
OPINION.
Hill, Judge-.
Petitioner brings this proceeding to challenge the unilateral determination made by respondent that petitioner received excessive profits in the amount of $25,000 from certain contracts and subcontracts in its fiscal year ended December 31, 1942. Petitioner stipulates that such determination is correct only if we should find that (a) the Renegotiation Act of 1942 is constitutional in its application to petitioner, and (b) that renegotiation proceedings respecting petitioner’s fiscal year ended December 31, 1942, were commenced within the time prescribed by section 403 (c)…
2Cases cited5 opinions
- Lichter v. United StatesSupreme Court of the United States · 1948
- Opp Cotton Mills, Inc. v. Administrator of the Wage & Hour Division of the Department of LaborSupreme Court of the United States · 1941
- Farmers Mutual Insurance v. TankersleyAlabama Court of Appeals · 1915
- Spray Cotton Mills v. Secretary of WarUnited States Tax Court · 1947
- McCaskey Register Co. v. LumpkinLouisiana Court of Appeal · 1940
3Cited by1 opinion
- Abramson v. R. F. C. Price Adjustment BoardUnited States Tax Court · 1948