ESTATE OF FRIEDERS v. C. I. R.

No. 81-2742.

687 F.2d 224 (1982)

ESTATE OF William A. FRIEDERS, Deceased, Elmer Frieders, Executor, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE SERVICE, Respondent.

United States Court of Appeals, Seventh Circuit.

Decided August 30, 1982.

Rehearing Denied September 23, 1982.


Attorney(s) appearing for the Case

Chester A. Lizak, Chicago, Ill., for petitioner.

Thomas A. Gick, Tax Div., Dept. of Justice, Washington, D. C., for respondent.

Before PELL, Circuit Judge, GIBSON, Senior Circuit Judge, and ESCHBACH, Circuit Judge.


FLOYD R. GIBSON, Senior Circuit Judge.

This is an appeal of a decision of the Tax Court as to the valuation of real estate for estate tax purposes. I.R.C. §§ 2001-2209 (1970). The estate raises two issues on appeal. The first is that the finding as to the value of the property was clearly erroneous because nearby properties which the Tax Court considered in determining the value were not comparable, and other evidence considered by the court was incompetent...

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