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JurisprudenceG.R. NO. 142299 -

G.R. NO. 142299 - BICOLANDIA DRUG CORPORATION (FORMERLY ELMAS DRUG COPRORATION), VS. COMMISSIONER OF INTERNAL REVENUE.DECISION - Supreme Court E-Library

Cited Laws

RA 165RA 7432RA 7432,RA 414
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TL;DR — Ruling

WHEREFORE, in view of all the foregoing, petitioner's claim for refund is hereby partially GRANTED. Respondent is hereby ORDERED to REFUND, or in the alternative, to ISSUE a tax credit certificate in favor of the petitioner the amounts of P45,574.63 and P135,906.48, representing overpaid income tax for the years 1993 and 1994, respectively.

Decision

Ruling

WHEREFORE, in view of all the foregoing, petitioner's claim for refund is hereby partially GRANTED. Respondent is hereby ORDERED to REFUND, or in the alternative, to ISSUE a tax credit certificate in favor of the petitioner the amounts of P45,574.63 and P135,906.48, representing overpaid income tax for the years 1993 and 1994, respectively. SO ORDERED.