List & Clark Constr. Co. v. Renegotiation Board
United States Tax Court
Renegotiation -- Jurisdiction -- Method of Accounting. -- Petitioner returned income on the basis of completed contracts. The Renegotiation Board denied exemption of a contract for excavation at a dam and determined that petitioner realized excessive profits.
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Renegotiation -- Jurisdiction -- Method of Accounting. -- Petitioner returned income on the basis of completed contracts. The Renegotiation Board denied exemption of a contract for excavation at a dam and determined that petitioner realized excessive profits. Held: 1. The Tax Court is without jurisdiction to review the Board's denial of exemption under section 106(a)(6), Renegotiation Act of 1951, as relating to national defense. 2. Petitioner's claim for exemption under section 106(a)(3) denied. 3. Petitioner's method of accounting for income did not properly reflect its costs of the…
1Opinion of the Court
List & Clark Construction Company, Petitioner, v. Renegotiation Board, Respondent
List & Clark Constr. Co. v. Renegotiation Board
Docket No. 976-R
United States Tax Court
35 T.C. 823; 1961 U.S. Tax Ct. LEXIS 215;
February 28, 1961, Filed
Decision will be entered for the petitioner.
Renegotiation -- Jurisdiction -- Method of Accounting. -- Petitioner returned income on the basis of completed contracts. The Renegotiation Board denied exemption of a contract for excavation at a dam and determined that petitioner realized excessive profits. Held:
1. The Tax Court is without jurisdiction to review the…
2Cases cited1 opinion
- List & Clark Constr. Co. v. Renegotiation BoardUnited States Tax Court · 1961