COHEN v. SECRETARY OF WAR

Docket No. 27-R.

7 T.C. 1002 (1946)

NATHAN COHEN, PETITIONER, v. SECRETARY OF WAR, RESPONDENT.

United States Tax Court.

Promulgated October 22, 1946.


Attorney(s) appearing for the Case

John V. Espenshade, Esq., for the petitioner.

Harland F. Leathers, Esq., for the respondent.


Petitioner, for the purpose of contesting an order of the Under Secretary of War, upon renegotiation of its war contracts, that $32,000 of its profits for the year 1942 were excessive, by this proceeding seeks a redetermination thereof. The respondent, by amended answer, now urges that the amount of excessive profits be held to be in a sum of not less than $43,000.

The contested issues relate to the reasonableness of allowances for salaries to the partners actively...

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