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JurisprudenceG.R. No. 189440 -

G.R. No. 189440 - COMMISSIONER OF INTERNAL REVENUE, VS. MINDANAO II GEOTHERMAL PARTNERSHIP.D E C I S I O N - Supreme Court E-Library

En Banc

Cited Laws

RA 422RA 336,RA 219,RA 108
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TL;DR — Ruling

WHEREFORE, the Petition for Review is hereby PARTIALLY GRANTED. Accordingly, respondent is hereby ORDERED to ISSUE a TAX CREDIT CERTIFICATE in favor of petitioner in the reduced amount of P689,313.37, representing unutilized input VAT incurred by petitioner in connection with its zero-rated sales for taxable year 2002. SO ORDERED.

Decision

Ruling

WHEREFORE, the Petition for Review is hereby PARTIALLY GRANTED. Accordingly, respondent is hereby ORDERED to ISSUE a TAX CREDIT CERTIFICATE in favor of petitioner in the reduced amount of P689,313.37, representing unutilized input VAT incurred by petitioner in connection with its zero-rated sales for taxable year 2002. SO ORDERED.