NATIONAL FORGE & ORDNANCE COMPANY v. COMMISSIONER

Docket No. 325.

3 T.C.M. 418 (1944)

National Forge & Ordnance Company v. Commissioner.

United States Tax Court.

Entered May 3, 1944.


Attorney(s) appearing for the Case

F. W. Ries, Jr., Esq., 1150 Union Tr. Bldg., Pittsburgh, Pa., R. K. Conaway, C. P. A., 2912 Grant Bldg., Pittsburgh, Pa., and H. A. Mihills, C. P. A., for the petitioner. Homer F. Benson, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

SMITH, Judge:

This proceeding involves a deficiency in excess profits liability for 1935 under section 3 of the Vinson Act in the amount of $849.20. The only question in issue is whether a contract which petitioner made with the Secretary of the Navy in 1934 to furnish thirty gun barrel forgings of certain specifications was completed during 1935 when the forgings were provisionally accepted and delivered to the Navy...

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