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JurisprudenceG.R. No. 236325 -

G.R. No. 236325 - COMMISSIONER INTERNAL REVENUE, VS. FILMINERA RESOURCES CORPORATION.

En Banc

Cited Laws

RA 7916RA 9337
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TL;DR — Ruling

WHEREFORE , [Filminera Resources'] Motion for Reconsideration of the Decision dated 25 September 2014 is PARTIALLY GRANTED. Accordingly, the assailed Decision promulgated on September 25, 2014 is hereby AMENDED to read as follows: " WHEREFORE , premises considered, the instant Petitions for Review are PARTIALLY GRANTED . Accordingly, [the CIR] is ORDERED TO REFUND OR ISSUE A TAX CREDIT CERTIFICATE in favor of [Filminera Resources] in the amount of P111,579,541.

Decision

Ruling

WHEREFORE , [Filminera Resources'] Motion for Reconsideration of the Decision dated 25 September 2014 is PARTIALLY GRANTED. Accordingly, the assailed Decision promulgated on September 25, 2014 is hereby AMENDED to read as follows: " WHEREFORE , premises considered, the instant Petitions for Review are PARTIALLY GRANTED . Accordingly, [the CIR] is ORDERED TO REFUND OR ISSUE A TAX CREDIT CERTIFICATE in favor of [Filminera Resources] in the amount of P111,579,541.76, representing [Filminera Resources'] unutilized input VAT attributable to its zero-rated sales for the third and fourth quarters of FY ending June 30, 2010." SO ORDERED.