Thurston Manufacturing Co. v. Secretary of War

OPINION.

HaeROn, Judge'.

The first contention of the petitioner is that the Renegotiation Act of 1942 is unconstitutional. The Supreme Court has upheld the constitutionality of the act, in Lichter v. United States, 334 U. S. 742.

The question to be decided is whether the profits received by petitioner from its renegotiable business in 1942 were excessive within the meaning of the Renegotiation Act. Petitioner’s profits before Federal taxes, subject to renegotiation, amounted to $173,934.15. Respondent determined that these profits were excessive in the amount of $125,000, which would leave…