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BAY CO. v. RENEGOTIATION BOARD

Docket No. 952-R.

38 T.C. 535 (1962)

THE BAY COMPANY, PETITIONER, v. RENEGOTIATION BOARD, RESPONDENT.

United States Tax Court.

Filed July 30, 1962.

Attorney(s) appearing for the Case

James V. Ramsdell, Esq., for the petitioner.

Andrew P. Vance, Esq., for the respondent.

FISHER, Judge:

Petitioner, for the purpose of contesting an order of the Renegotiation Board, upon renegotiation of its contracts, that $50,000 of its profits for the fiscal year ending September 30, 1952, was excessive, by this proceeding, seeks a redetermination thereof.

The contested issues relate to the amount of overhead expenses attributable to these renegotiable contracts, and the extent if any to which the profits were excessive.

FINDINGS...

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