Eastern Machinery Co. v. Under Secretary of War
United States Tax Court
1. The action of the Bureau of Internal Revenue in determining the reasonableness of salaries for petitioner's officers is not binding in a renegotiation case. 2. The petitioner's excessive profits are here redetermined in the amount originally determined by the respondent, the petitioner having failed to sustain its burden to show that they were less in amount and the respondent having failed to sustain his burden to show that they were greater in amount.
1Opinion of the Court
The Eastern Machinery Company, Petitioner, v. Under Secretary of War, Respondent
Eastern Machinery Co. v. Under Secretary of War
Docket No. 63-R
United States Tax Court
12 T.C. 71; 1949 U.S. Tax Ct. LEXIS 292;
January 27, 1949, Promulgated
1. The action of the Bureau of Internal Revenue in determining the reasonableness of salaries for petitioner's officers is not binding in a renegotiation case.
2. The petitioner's excessive profits are here redetermined in the amount originally determined by the respondent, the petitioner having failed to sustain its burden to show that they were less in amount…
2Cases cited3 opinions
- Lichter v. United StatesSupreme Court of the United States · 1948
- Nat'l Elec. Welding Machs. Co. v. StimsonUnited States Tax Court · 1948
- Eastern Machinery Co. v. Under Secretary of WarUnited States Tax Court · 1949