Estate of Poley v. Commissioner

U.S. Court of Appeals for the Third Circuit February 27, 1948

Estate of Poley v. Commissioner, 166 F.2d 434 (3d Cir. 1948)

36 A.F.T.R. (P-H) 801; 1948 U.S. App. LEXIS 2950

Opinion of the Court

PER CURIAM.

The questions here involve the valuation by the Tax Court of certain shares of estate stock and failure of that court to apply the blockage rule to the problem of the value of the shares.

It is not our function in this type of case to substitute our conclusions and inferences for those of the Tax Court. The facts and circumstances furnish a reasonable basis for the conclusion that body reached.

The decision will be affirmed.

Reference

Full Case Name: ESTATE of Warren H. POLEY, Emily C. P. Longstreth v. COMMISSIONER OF INTERNAL REVENUE
Status: Published