G.R. No. 187485 - COMMISSIONER OF INTERNAL REVENUE, VS. SAN ROQUE POWER CORPORATION. [G.R. NO. 196113] TAGANITO MINING CORPORATION, VS. COMMISSIONER OF INTERNAL REVENUE. [G.R. NO. 197156] PHILEX MINING CORPORATION, VS. COMMISSIONER OF INTERNAL REVENUE.D E C I S I O N - Supreme Court E-Library

Ruling

WHEREFORE, [San Roques] Motion for New Trial and/or Reconsideration is hereby PARTIALLY GRANTED and this Courts Decision promulgated on March 8, 2006 in the instant case is hereby MODIFIED. Accordingly, [the CIR] is hereby ORDERED to REFUND or in the alternative, to ISSUE A TAX CREDIT CERTIFICATE in favor of [San Roque] in the reduced amount of Four Hundred Eighty Three Million Seven Hundred Ninety Seven Thousand Five Hundred Ninety Nine Pesos and Sixty Five Centavos (P483,797,599.65) representing unutilized input VAT on purchases of capital goods and services for the taxable year 2001. SO ORDERED.