BRADY v. WAR CONTRACTS PRICE ADJUSTMENT BOARD

Docket No. 140-R.

11 T.C. 280 (1948)

JOHN B. BRADY, PETITIONER, v. WAR CONTRACTS PRICE ADJUSTMENT BOARD, RESPONDENT.

United States Tax Court.

Promulgated September 15, 1948.


Attorney(s) appearing for the Case

William M. Rice, Esq., and John L. Grabber, Esq., for the petitioner.

William T. Becker, Esq., for the respondent.


The sole question for our determination is whether the renegotiation of petitioner's contracts was completed within one year following the commencement of the renegotiation proceeding as required by section 403 (c) (3) of the Revenue Act of 1943, hereinafter referred to as the Renegotiation Act of 1943.

The facts are in part stipulated, and such facts are so found. Other facts hereinafter set forth are found from the testimony and exhibits admitted at the hearing...

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