NATIONAL ELECTRIC WELDING MACHINES CO. v. STIMSON

Docket No. 10-R.

10 T.C. 49 (1948)

NATIONAL ELECTRIC WELDING MACHINES CO., A MICHIGAN CORPORATION, PETITIONER, v. HENRY L. STIMSON, SECRETARY FOR THE WAR DEPARTMENT, AND ROBERT P. PATTERSON, UNDER SECRETARY FOR THE WAR DEPARTMENT, RESPONDENTS.

United States Tax Court.

Promulgated January 13, 1948.


Attorney(s) appearing for the Case

Selwyn A. Lambert, Esq., and William M. Aiken, Esq., for the petitioner.

Julian R. Wilheim, Esq., and Robert H. Winn, Esq., for the respondents.


Petitioner, by this proceeding, seeks a redetermination of an order of the Under Secretary of War upon renegotiation of its war contracts and subcontracts that $140,000 of petitioner's profits for its fiscal year ended October 31, 1942, were excessive. Respondents in their answer now urge that the amount of excessive profits be held to be not less than $185,000.

The contested issues relate to the right to renegotiate contracts made with the Defense Plant Corporation...

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