Estate of Poley v. Commissioner

Third Circuit

Estate of Poley v. Commissioner

166 F.2d 434, 36 A.F.T.R. (P-H) 801, 1948 U.S. App. LEXIS 2950

CourtCourt of Appeals for the Third Circuit

DecidedFebruary 27, 1948

DocketNo. 9535

StatusPublished

This text of 166 F.2d 434 (Estate of Poley v. Commissioner) is published on Counsel Stack Legal Research, covering Court of Appeals for the Third Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Estate of Poley v. Commissioner, 166 F.2d 434, 36 A.F.T.R. (P-H) 801, 1948 U.S. App. LEXIS 2950 (3d Cir. 1948).

Pincite

Opinion

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.

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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.

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Bluebook (online)

166 F.2d 434, 36 A.F.T.R. (P-H) 801, 1948 U.S. App. LEXIS 2950, Counsel Stack Legal Research, https://law.counselstack.com/opinion/estate-of-poley-v-commissioner-ca3-1948.