Eastern MacHinery Co. v. Under Secretary of War

FAHY, Circuit Judge.

The Eastern Machinery Company petitions this court for review of a decision of the Tax Court of the United States which redetermined the amount of excessive profits found to be due by the company to the Government. The original determination had been made by the respondent Under Secretary of War. The company is in the business of buying, reconditioning and selling second-hand machine tools. During its fiscal year ending September 30, 1942, its sales totaled $1,674,280.60, of which amount it reported $406,691.65, as renegotiable. This figure included sales to the Defense…