Sampson Motors, Inc. v. United States

DENMAN, Circuit Judge.

Sampson Motors, Inc., hereinafter called Sampson, appeals from a judgment holding it liable to the United States for $17,176.33, plus interest at 6%, amounting to $574.69.

The Under Secretary of War determined that during the fiscal year ending November 30, 1942, Sampson had earned excessive profits in the sum of $60,000. Against this Sampson had a tax credit of $42,823.67, leaving as a balance due the United States the above $17,176.33. Sampson did not petition the Tax Court of the United States for a redetermination of the amount so determined in the renegotiation, as…