Cited Laws
TL;DR — Ruling
WHEREFORE , the instant Petition for Review is hereby PARTIALLY GRANTED . Accordingly, the assessment for deficiency income tax is UPHELD with modifications. [East Asia Utilities] is hereby ORDERED TO PAY [the CIR] for deficiency 5% GIT for the year 2006 in the amount of P612,406.94, inclusive of the twenty-five percent (25%) surcharge imposed under Section 248(A)(3) of the NIRC of 1997, as amended, x x x.
WHEREFORE , the instant Petition for Review is hereby PARTIALLY GRANTED . Accordingly, the assessment for deficiency income tax is UPHELD with modifications. [East Asia Utilities] is hereby ORDERED TO PAY [the CIR] for deficiency 5% GIT for the year 2006 in the amount of P612,406.94, inclusive of the twenty-five percent (25%) surcharge imposed under Section 248(A)(3) of the NIRC of 1997, as amended, x x x. x x x x SO ORDERED.
G.R. Nos. 199729-30 - MANILA BANKERS' LIFE INSURANCE CORPORATION, VS. COMMISSIONER OF INTERNAL REVENUE.[G.R. Nos. 199732-33] COMMISSIONER OF INTERNAL REVENUE, VS. MANILA BANKERS' LIFE INSURANCE CORPORATION.D E C I S I O N - Supreme Court E-Library
G.R. Nos. 199729-30 -
CaseG.R. No. 204405 - COMMISSIONER OF INTERNAL REVENUE, VS. UNIOIL CORPORATION.
G.R. No. 204405 -
CaseG.R. No. 180042 - COMMISSIONER OF INTERNAL REVENUE, VS. IRONCON BUILDERS AND DEVELOPMENT CORPORATION.D E C I S I O N - Supreme Court E-Library
G.R. No. 180042 -