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Estate of Poley v. Commr. of Internal Revenue

Circuit Court of Appeals, Third Circuit
Feb 27, 1948
166 F.2d 434 (3d Cir. 1948)

Opinion

No. 9535.

Argued February 17, 1948.

Decided February 27, 1948. Rehearing Denied March 25, 1948.

On Petition for Review of Decision of the Tax Court of the United States.

Walter C. Longstreth, of Philadelphia, Pa., for petitioner.

Helen Goodner, of Washington, D.C., (Theron Lamar Caudle, Asst. Atty. Gen., and Sewall Key, Robert N. Anderson and Newton K. Fox, Sp. Assts. to Atty. Gen., on the brief), for respondent.

Before McLAUGHLIN, O'CONNELL, and KALODNER, Circuit Judges.


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.


Summaries of

Estate of Poley v. Commr. of Internal Revenue

Circuit Court of Appeals, Third Circuit
Feb 27, 1948
166 F.2d 434 (3d Cir. 1948)
Case details for

Estate of Poley v. Commr. of Internal Revenue

Case Details

Full title:ESTATE of Warren H. POLEY, Emily C.P. Longstreth, Executrix, Petitioner…

Court:Circuit Court of Appeals, Third Circuit

Date published: Feb 27, 1948

Citations

166 F.2d 434 (3d Cir. 1948)