Knobloch v. Smith

THOMAS, District Judge.

The plaintiffs sue to recover the amount of an additional estate tax .collected by the defendant in 1936. The portion of the payment sought to be recovered was the tax claimed on an additional valuation of $4 per share on 14,778 shares of the common capital stock of the Dúplan Silk Corporation, which the decedent owned at the time of his death on September 22, 1933. The value shown on the estate tax return was $15 per share. The tax was assessed and collected on a valuation of $19 per share.

On the date of decedent’s death, 200 shares were sold on the New York Stock…