ALBEMARLE PAPER MFG. CO. v. RENEGOTIATION BOARD

Docket No. 946-R.

35 T.C. 438 (1960)

THE ALBEMARLE PAPER MANUFACTURING COMPANY, PETITIONER, v. RENEGOTIATION BOARD, RESPONDENT.

United States Tax Court.

Filed December 23, 1960.


Attorney(s) appearing for the Case

H. Brice Graves, Esq., and Lawrence E. Blanchard, Jr., Esq., for the petitioner.

William E. Nelson, Esq., for the respondent.


ARUNDELL, Judge:

Petitioner contests a determination of excessive profits in the amount of $68,396 from contracts and subcontracts subject to the Renegotiation Act of 1951 for its fiscal year ended March 30, 1952, as set forth by the respondent in its notice of order after review, dated August 15, 1956, and the order after review of the same date.

The parties have stipulated that:

The issue in this proceeding is limited to the question of whether...

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