Case Name: ESTATE of Warren H. POLEY, Emily C. P. Longstreth, Executrix, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Court: United States Court of Appeals for the Third Circuit
Jurisdiction: United States
Decision Date: 1948-02-27
Citations: 166 F.2d 434
Docket Number: No. 9535
Parties: ESTATE of Warren H. POLEY, Emily C. P. Longstreth, Executrix, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.
Judges: 
Reporter: Federal Reporter 2d Series
Volume: 166
Pages: 434–434

Head Matter:
ESTATE of Warren H. POLEY, Emily C. P. Longstreth, Executrix, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.
No. 9535.
Circuit Court of Appeals, Third Circuit.
Argued Feb. 17, 1948.
Decided Feb. 27, 1948.
Rehearing Denied March 25,1948.
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.

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.