WOLFF v. MACAULEY

Docket No. 498-R.

12 T.C. 1217 (1949)

GEORGE M. WOLFF AND TRUMAN E. PHILLIPS, CO-PARTNERS DOING BUSINESS UNDER THE FIRM NAME OF WOLFF AND PHILLIPS, PETITIONERS v. EDWARD MACAULEY, ACTING CHAIRMAN, U. S. MARITIME COMMISSION, RESPONDENT.

United States Tax Court.

Promulgated June 30, 1949.


Attorney(s) appearing for the Case

Donald O. Lincoln, Esq., for the petitioners.

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


The respondent determined that petitioners, during the year 1942, realized excessive profits, within the meaning of the Renegotiation Act of 1942, as amended, in the amount of $60,000.

The questions presented are:

(1) Should this proceeding be dismissed for lack of jurisdiction under section 403 (e) (2) of the Renegotiation Act of 1943?

(2) Under section 403 (c) (6) of the Renegotiation Act of 1942, as amended, may petitioners' excessive profits be...

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