Estate of Poley v. Commissioner
Estate of Poley v. Commissioner
166 F.2d 434; 36 A.F.T.R. (P-H) 801; 1948 U.S. App. LEXIS 2950
(Federal Reporter, Second Series)
Estate of Poley v. Commissioner
Opinion of the Court
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.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.