Greaves v. War Contracts Price Adjustment Board
United States Tax Court
1. The Renegotiation Act is not unconstitutional as applied to petitioners. 2. Petitioners' excessive profits for the calendar year 1943 were in the amount determined by the respondent. 3. In determining the amount of excessive profits realized on renegotiable sales by a partnership engaged in the business of representing manufacturers on a commission basis, the respondent did not err in failing to make any allowances as items of cost for reasonable salaries for partners. 4.…
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1. The Renegotiation Act is not unconstitutional as applied to petitioners. 2. Petitioners' excessive profits for the calendar year 1943 were in the amount determined by the respondent. 3. In determining the amount of excessive profits realized on renegotiable sales by a partnership engaged in the business of representing manufacturers on a commission basis, the respondent did not err in failing to make any allowances as items of cost for reasonable salaries for partners. 4. Renegotiation Regulation 382.2, providing that in determining the amount of excessive profits to be eliminated a…
1Opinion of the Court
OPINION.
Harlan, Judge:
The first contention of petitioners is that the Renegotiation Act as applied to them is unconstitutional. They make no argument in support of this contention, and this and other courts have consistently held to the contrary. Stein Bros. Manufacturing Co. v. Secretary of War, 7 T. C. 863; Ring Construction Corporation v. Secretary of War, 8 T. C. 1070; Spaulding v. Douglas Aircraft Co., 154 Fed. (2d) 419; United States v. Lichter, 68 Fed. Supp. 19; affd., 160 Fed. (2d) 329; certiorari granted, 331U. S. 802; United States v. Pownall, 65 Fed. Supp. 147; affd., 159 Fed. (2d)…
2Cases cited4 opinions
- Stein Bros. Mfg. Co. v. Secretary of WarUnited States Tax Court · 1946
- Cohen v. Secretary of WarUnited States Tax Court · 1946
- Ring Constr. Corp. v. Secretary of WarUnited States Tax Court · 1947
- Grob Bros. v. Secretary of WarUnited States Tax Court · 1947
3Cited by15 opinions
- Moening v. War Contracts Price Adjustment BoardUnited States Tax Court · 1950
- Edell v. United StatesUnited States Tax Court · 1957
- R. G. Le Tourneau, Inc. v. Administrator of General ServicesUnited States Tax Court · 1954
- Trace v. United StatesUnited States Tax Court · 1955
- United States v. Union Concrete Pipe Co.District Court, S.D. West Virginia · 1950
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