United States v. Bonnell Bonnell v. United States

ORR, Circuit Judge.

This is an action under the Renegotiation Act of April 28, 1942, 56 Stat. 245, 50 U.S.C.A.Appendix, § 1191, seeking recovery of alleged excessive profits on a war contract as determined by the Reconstruction Finance Corporation Price Adjustment Board, less applicable tax credits and withheld tax refunds-, with six percent interest. The -contract was made on April 24, 1942. Section 403(c) of the Act as originally enacted, which contained the authority to recover excessive profits provided : “This subsection shall be applicable to -all contracts and subcontracts hereafter…