Buck v. War Contracts Price Adjustment Board
United States Tax Court
The petitioner has moved for judgment on the pleadings, the claim being that the War Contracts Price Adjustment Board did not conclude renegotiation of his business for the calendar year 1943 within one year after commencement of renegotiation, as required by section 403 (c) (3) of the Renegotiation Act, as amended February 25, 1944, by the Revenue Act of 1943. On December 1, 1943, prior to the creation of the War Contracts Price Adjustment Board and prior to the enactment…
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The petitioner has moved for judgment on the pleadings, the claim being that the War Contracts Price Adjustment Board did not conclude renegotiation of his business for the calendar year 1943 within one year after commencement of renegotiation, as required by section 403 (c) (3) of the Renegotiation Act, as amended February 25, 1944, by the Revenue Act of 1943. On December 1, 1943, prior to the creation of the War Contracts Price Adjustment Board and prior to the enactment of any provision establishing a period within which renegotiation proceedings, once commenced, must be concluded, the…
1Opinion of the Court
OPINION.
TuRnee, Judge:
This proceeding is now before the Court on the petitioner’s motion for judgment on the pleadings.
Under date of December 1,1943, a letter was mailed to the petitioner, signed by Morton J. Stone, Lieutenant Commander, XT SNR, Acting Chief, Services and Sales Renegotiation Section, Navy Department. Portions of the letter here pertinent read as follows:
Information received in this office indicates that the profits realized or likely to be realized by your organization for your fiscal years 1942 and 1943 may be excessive.
This -notice constitutes commencement of renegotiation…
2Cases cited3 opinions
- Helvering v. R. J. Reynolds Tobacco Co.Supreme Court of the United States · 1939
- Stein Bros. Mfg. Co. v. Secretary of WarUnited States Tax Court · 1946
- Spray Cotton Mills v. Secretary of WarUnited States Tax Court · 1947
3Cited by7 opinions
- National Builders, Inc. v. Secretary of WarUnited States Tax Court · 1951
- Brady v. War Contracts Price Adjustment BoardUnited States Tax Court · 1948
- Oregon Brass Works v. War Contracts Price Adjustment BoardUnited States Tax Court · 1951
- Northwest Automatic Products Corp. v. United StatesUnited States Tax Court · 1955
- Buck v. War Contracts Price Adjustment BoardUnited States Tax Court · 1948
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