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BEETS v. RENEGOTIATION BOARD

Docket No. 975-R.

38 T.C. 677 (1962)

JOAN V. BEETS AND MARJORIE C. YECKEL, COPARTNERS, D.B.A. THE THORSON COMPANY, PETITIONERS, v. RENEGOTIATION BOARD, RESPONDENT.

United States Tax Court.

Filed August 22, 1962.

Attorney(s) appearing for the Case

Vincent C. Page, Esq., for the petitioners.

Dennis C. Cronin, Esq., for the respondent.

The respondent, by order dated December 23, 1957, determined that Joan V. Beets and Marjorie C. Yeckel, copartners, d.b.a. The Thorson Company, realized excessive profits for the year ended December 31, 1954, in the amount of $15,000 (reduced to $14,862, after proper adjustment on account of taxes measured by income, other than Federal taxes), derived from contracts and subcontracts subject to renegotiation pursuant to the Renegotiation...

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