HUG CO. v. WAR CONTRACTS PRICE ADJUSTMENT BD.

Docket No. 754-R.

14 T.C. 621 (1950)

THE HUG COMPANY, A CORPORATION, PETITIONER, v. WAR CONTRACTS PRICE ADJUSTMENT BOARD, RESPONDENT.

United States Tax Court.

Promulgated April 18, 1950.


Attorney(s) appearing for the Case

Albert A. Jones, Esq., and John W. Snider, C. P. A., for the petitioner.

John F. Wolf, Esq., and James D. Lynch, Esq., for the respondent.


The respondent determined that the petitioner realized excessive profits in the amount of $200,000 for the fiscal year ended December 31, 1945, within the meaning of the Renegotiation Act of 1943. The issue presented for determination is whether the petitioner was under the control of or under common control with C. J. Hug, the petitioner's president and general manager, during the fiscal year in controversy within the meaning of the Renegotiation Act.

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