STONER MANUFACTURING CORP. v. SECRETARY OF WAR

Dockets Nos. 80-R, 370-R.

21 T.C. 200 (1953)

STONER MANUFACTURING CORPORATION, PETITIONER, v. SECRETARY OF WAR, RESPONDENT. STONER MANUFACTURING CORPORATION, PETITIONER, v. UNITED STATES OF AMERICA, RESPONDENT.

United States Tax Court.

Promulgated November 17, 1953.


Attorney(s) appearing for the Case

B. H. Sears, Esq., Thurman Hill, Esq., and Edward H. Streit, Esq., for the petitioner.

Harland F. Leathers, Esq., and James H. Prentice, Esq., for the respondents.


In Docket No. 80-R, the Under Secretary of War, on July 11, 1944, made a unilateral determination that the petitioner realized excessive profits of $355,400 during the year 1942, on contracts subject to renegotiation under section 403 of the Sixth Supplemental National Defense Appropriation Act, 1942, as amended, hereinafter referred to as the Renegotiation Act. In an amended answer, the respondent affirmatively alleged that the petitioner realized excessive profits from...

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