NATIONAL BUILDERS, INC. v. SECRETARY OF WAR

Docket No. 165-R.

16 T.C. 1220 (1951)

NATIONAL BUILDERS, INC., B. H. STAHR COMPANY, A. HEDENBERG & COMPANY, INC., AS JOINT VENTURERS, PETITIONERS, v. SECRETARY OF WAR, RESPONDENT.

United States Tax Court.

Promulgated May 31, 1951.


Attorney(s) appearing for the Case

Orin M. Oulman, Esq., for the petitioners.

John F. Wolf, Esq., for the respondent.


The respondent made a unilateral determination on December 21, 1944, on the basis of an individual, complete contract that petitioners realized excessive profits under an individual contract in the amount of $575,000. He has determined, under amended answer in this proceeding, that profits realized from the complete contract were excessive in the total amount of $800,000 and asks this Court to sustain his determination of the latter amount. The petitioners challenge the right...

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