Back to Search
JurisprudenceG.R. Nos. 225750-51 -

G.R. Nos. 225750-51 -

En Banc

Cited Laws

RA 8424,RA 9282RA 451,RA 1125,RA 9417,
Share:

TL;DR — Ruling

WHEREFORE, foregoing premises considered: 1) The Petition for Review filed by Kepco Philippines Corporation, docketed as CTA EB No. 1161, is hereby DENIED for lack of merit; and, 2) The Petition for Review filed by the Commissioner of Internal Revenue, docketed as CTA EB No. 1166, is hereby GRANTED . Accordingly, the Decision dated December 6, 2013 rendered by the Special First Division is hereby REVERSED and SET ASIDE .

Decision

Ruling

WHEREFORE, foregoing premises considered: 1) The Petition for Review filed by Kepco Philippines Corporation, docketed as CTA EB No. 1161, is hereby DENIED for lack of merit; and, 2) The Petition for Review filed by the Commissioner of Internal Revenue, docketed as CTA EB No. 1166, is hereby GRANTED . Accordingly, the Decision dated December 6, 2013 rendered by the Special First Division is hereby REVERSED and SET ASIDE . A new one is hereby entered dismissing the Petition for Review filed by Kepco Philippines Corporation in CTA Case No. 8112. Accordingly, Assessment Notice No. LTAID II/WF-06-00032 and LTAID II/VT-06-00028 issued by the BIR are hereby UPHELD . SO ORDERED.