DOWELL v. FORRESTAL

Docket Nos. 626-R, 696-R.

13 T.C. 845 (1949)

A. P. DOWELL, JR., PETITIONER, v. JAMES V. FORRESTAL, SECRETARY UNITED STATES NAVY DEPARTMENT, RESPONDENT.

United States Tax Court.

Promulgated November 30, 1949.


Attorney(s) appearing for the Case

Evelyn A. Greene Smith, Esq., and William J. Murray, C. P. A., for the petitioner.

Harland F. Leathers, Esq., and Paul F. Muilenberg, Esq., for the respondent.


Petitioner, by these consolidated proceedings, seeks a redetermination of orders of the Secretary of the Navy that $55,000 of the profits realized by petitioner during the fiscal year 1942 and $5,000 during the fiscal year 1943, on war contracts, were excessive. Subsequent to the hearing, petitioner abandoned his appeal in Docket No. 696-R, with respect to the year 1943, and moved the dismissal of that proceeding.

The issues...

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