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JurisprudenceG.R. No. 215159 -

G.R. No. 215159 - CHEVRON HOLDINGS, INC. (FORMERLY CALTEX ASIA LIMITED), VS. COMMISSIONER OF INTERNAL REVENUE.

En Banc

Cited Laws

RA 8424,RA 14RA 9361,RA 9337RA 9361RA 9337,RA 11534
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TL;DR — Ruling

WHEREFORE , in view of the foregoing, the instant Petition for Review is hereby PARTIALLY GRANTED . The Decision dated June 6, 2012 and Resolution dated September 7, 2012[,] are hereby REVERSED and SET ASIDE . Accordingly, respondent Commissioner of Internal Revenue is hereby ORDERED TO REFUND OR ISSUE A TAX CREDIT CERTIFICATE in favor of petitioner Chevron Holdings, Inc. in the amount of Fifteen Thousand Eighty[-]Five Pesos and Twenty Four Centavos ([P]15,085.

Decision

Ruling

WHEREFORE , in view of the foregoing, the instant Petition for Review is hereby PARTIALLY GRANTED . The Decision dated June 6, 2012 and Resolution dated September 7, 2012[,] are hereby REVERSED and SET ASIDE . Accordingly, respondent Commissioner of Internal Revenue is hereby ORDERED TO REFUND OR ISSUE A TAX CREDIT CERTIFICATE in favor of petitioner Chevron Holdings, Inc. in the amount of Fifteen Thousand Eighty[-]Five Pesos and Twenty Four Centavos ([P]15,085.24) representing unutilized excess input VAT for the first quarter of 2006 which is attributable to its zero-rated sales for the same period. SO ORDERED.