HARNEY v. LAND

Docket Nos. 183-R, 548-R.

14 T.C. 666 (1950)

MAURICE W. HARNEY, GEORGE E. MURPHY, HARRY B. MURPHY, SPAR MANUFACTURERS, AND HARNEY-MURPHY SUPPLY COMPANY, PETITIONERS, v. EMORY S. LAND, CHAIRMAN OF THE UNITED STATES MARITIME COMMISSION, RESPONDENT. MAURICE W. HARNEY, GEORGE E. MURPHY, HARRY B. MURPHY, SPAR MANUFACTURERS, PETITIONERS, v. WAR CONTRACTS PRICE ADJUSTMENT BOARD, RESPONDENT.

United States Tax Court.

Promulgated April 21, 1950.


Attorney(s) appearing for the Case

Stanley Suydam, Esq., and John Dahlgren, Esq., for petitioners.

Frederick N. Curley, Esq., Harland F. Leathers, Esq., and James D. Lynch, Esq., for respondents.


In Docket No. 183-R the respondent, under authority of section 403 of the Sixth Supplemental National Defense Appropriation Act, approved April 28, 1942, as amended (hereinafter referred to as Renegotiation Act of 1942), determined that for the year ended December 31, 1942, $154,628.91 of the profits of Maurice W. Harney, George E. Murphy, and Harry B. Murphy, doing business as Spar Manufacturers and Harney-Murphy Supply Co., were excessive. In Docket No. 548-R the respondent...

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