BRADEN v. WAR CONTRACTS PRICE ADJUSTMENT BOARD

Docket No. 620-R.

11 T.C. 71 (1948)

FRANK I. BRADEN, WILLIAM C. BRADEN AND CLYDE E. BRADEN, PARTNERSHIP DOING BUSINESS AS BRADEN CONSTRUCTION COMPANY, PETITIONER, v. WAR CONTRACTS PRICE ADJUSTMENT BOARD, RESPONDENT.

United States Tax Court.

Promulgated July 21, 1948.


Attorney(s) appearing for the Case

Harry E. Judd, Esq., and James D. Conway, Esq., for the petitioner.

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


OPINION.

LEECH, Judge:

The respondent determined that petitioner realized excessive profits of $131,177, within the purview of the Renegotiation Act, in the fiscal year ended December 31, 1943. Petitioner contends that such excessive profits amounted only to the sum of $97,718. The facts are stipulated and are so found. Briefly they may be summarized as follows:

Frank I. Braden, William C. Braden, and...

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