Philippine Supreme Court Jurisprudence


Philippine Supreme Court Jurisprudence > Year 1973 > August 1973 Decisions > G.R. No. L-27212 August 31, 1973 - PHILIPPINE FIBER PROCESSING COMPANY v. COMMISSIONER OF INTERNAL REVENUE, ET AL.:




PHILIPPINE SUPREME COURT DECISIONS

EN BANC

[G.R. No. L-27212. August 31, 1973.]

PHILIPPINE FIBER PROCESSING COMPANY, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE and the COURT OF TAX APPEALS, Respondents.

Meer, Meer & Meer for Petitioner.

Solicitor General Antonio P. Barredo, Assistant Solicitor General Felicisimo R. Rosete, Solicitor Santiago M. Kapunan and Special Attorney Virgilio G. Saldajeno for Respondents.


R E S O L U T I O N


FERNANDO, J.:


This petition for the review of a decision of respondent Court of Tax Appeals was given due course because of the significance of the question raised, namely, when the equitable doctrine of tax benefits should apply to bank charges and commissions. What was sought was the cancellation of an assessment against petitioner for deficiency income taxes in the amount of P86,497.06. There was an answer duly filed and the briefs for the respective parties submitted.

Then, under date of March 20, 1973, came the following motion to withdraw petition for review filed by petitioner Philippine Fiber Processing Company: "1. The Petition for Review in this instant case pertains to a deficiency income tax assessment against petitioner amounting to P63,120.56, as per Decision of the Court of Tax Appeals rendered on December 26, 1966; 2. The petitioner availed of the partial amnesty declaration of the President under Presidential Decree No. 68 by paying the amount of P37,872.33, representing 60% of the contested assessment; 3. The availment by the petitioner of said amnesty was accepted by the respondent and accordingly, Tax Payment Acceptance Order No. 1047207 was issued and, on the basis of the said TPAO, payment was made and Official Receipt No. 55651 dated January 31, 1973, was issued by the Progressive Commercial Bank as agent of the Central Bank and the respondent; 4. In accordance with Presidential Decree No. 68, the entire liability of the petitioner in connection with the assessment under review has totally been satisfied; hence, this case has become moot and academic." 1 The Solicitor General was asked to comment on the above motion and it was duly forthcoming under date of June 8, 1973, worded in this wise" [Come now] undersigned counsel for respondents in compliance with the court’s resolution in the above-entitled case dated May 22, 1973 and by way of comment on the Motion to Withdraw Petition for Review filed by petitioner Philippine Fiber Processing Co. respectfully states that they have no objection to the granting of said motion for the reason that petitioner had availed of Presidential Decree No. 68 dated November 24, 1972 by paying the amount of P37,872.33, which is 60% of the tax liability subject matter of the petition for review in full settlement of his tax obligation under Official Receipt No. 556651 dated January 31, 1973." 2

WHEREFORE, in view of the above, the motion to withdraw petition for review is granted and the case is dismissed for having become moot and academic.

Makalintal, Actg. C . J., Zaldivar, Castro, Teehankee, Barredo, Makasiar, Antonio and Esguerra, JJ., concur.

Endnotes:



1. Motion to Withdraw Petition for Review dated March 20, 1973.

2. Comment dated June 8, 1973.




Back to Home | Back to Main




















chanrobles.com





ChanRobles On-Line Bar Review

ChanRobles Internet Bar Review : www.chanroblesbar.com

ChanRobles MCLE On-line

ChanRobles Lawnet Inc. - ChanRobles MCLE On-line : www.chanroblesmcleonline.com






August-1973 Jurisprudence                 

  • G.R. No. L-31869 August 8, 1973 - PHILIPPINE ADVERTISING COUNSELORS, INC. v. PEDRO A. REVILLA, ET AL.

  • G.R. No. L-31012 August 15, 1973 - PEOPLE OF THE PHIL. v. ARTURO CARANDANG, ET AL.

  • G.R. No. L-32332 August 15, 1973 - PEOPLE OF THE PHIL. v. KOLOH POHONG, ET AL.

  • G.R. No. L-28930 August 17, 1973 - CATALINA FLORES, ET AL. v. ISAAC FLORES, ET AL.

  • G.R. No. L-26132 August 27, 1973 - AGAPITO CABUDIL, ET AL. v. GREGORIO C. PAÑGANIBAN

  • G.R. Nos. L-28791-93 August 27, 1973 - VALENTIN GUIJARNO, ET AL. v. COURT OF INDUSTRIAL RELATIONS, ET AL.

  • G.R. No. L-22643 August 30, 1973 - EUGENIO P. MICULOB v. COURT OF FIRST INSTANCE OF RIZAL, ET AL.

  • G.R. No. L-27621 August 30, 1973 - IN RE: SECAN KOK v. REPUBLIC OF THE PHIL.

  • G.R. No. L-28612 August 30, 1973 - AUGUSTO A. SANTOS, ET AL. v. FERNANDO A. CRUZ

  • G.R. No. L-30404 August 30, 1973 - MIGUEL PEREZ RUBIO v. HERMINIO MARIANO

  • G.R. No. L-33307 August 30, 1973 - VICENTE E. KAYABAN, ET AL. v. REPUBLIC OF THE PHIL., ET AL.

  • G.R. No. L-27212 August 31, 1973 - PHILIPPINE FIBER PROCESSING COMPANY v. COMMISSIONER OF INTERNAL REVENUE, ET AL.

  • G.R. No. L-30323 August 31, 1973 - CITY OF TAGBILARAN, ET AL. v. SEVERIANO G. LIM

  • G.R. No. L-31439 August 31, 1973 - LUZON RUBBER & MANUFACTURING CO. v. SIXTO ESTARIS, ET AL.

  • G.R. No. L-35095 August 31, 1973 - GERMAN C. GARCIA, ET AL. v. MARIANO M. FLORIDO, ET AL.

  • G.R. No. L-36505 August 31, 1973 - C.N. HODGES v. ELIEZER A. ESPAYOS, ET AL.

  • G.R. No. L-37389 August 31, 1973 - FELICIDAD MEJORADA, ET AL. v. MUNICIPAL COUNCIL OF DIPOLOG, ET AL.

  • G.R. No. L-31869 August 8, 1973 - PHILIPPINE ADVERTISING COUNSELORS, INC. v. PEDRO A. REVILLA, ET AL.

  • G.R. No. L-31012 August 15, 1973 - PEOPLE OF THE PHIL. v. ARTURO CARANDANG, ET AL.

  • G.R. No. L-32332 August 15, 1973 - PEOPLE OF THE PHIL. v. KOLOH POHONG, ET AL.

  • G.R. No. L-28930 August 17, 1973 - CATALINA FLORES, ET AL. v. ISAAC FLORES, ET AL.

  • G.R. No. L-26132 August 27, 1973 - AGAPITO CABUDIL, ET AL. v. GREGORIO C. PAÑGANIBAN

  • G.R. Nos. L-28791-93 August 27, 1973 - VALENTIN GUIJARNO, ET AL. v. COURT OF INDUSTRIAL RELATIONS, ET AL.

  • G.R. No. L-22643 August 30, 1973 - EUGENIO P. MICULOB v. COURT OF FIRST INSTANCE OF RIZAL, ET AL.

  • G.R. No. L-27621 August 30, 1973 - IN RE: SECAN KOK v. REPUBLIC OF THE PHIL.

  • G.R. No. L-28612 August 30, 1973 - AUGUSTO A. SANTOS, ET AL. v. FERNANDO A. CRUZ

  • G.R. No. L-30404 August 30, 1973 - MIGUEL PEREZ RUBIO v. HERMINIO MARIANO

  • G.R. No. L-33307 August 30, 1973 - VICENTE E. KAYABAN, ET AL. v. REPUBLIC OF THE PHIL., ET AL.

  • G.R. No. L-27212 August 31, 1973 - PHILIPPINE FIBER PROCESSING COMPANY v. COMMISSIONER OF INTERNAL REVENUE, ET AL.

  • G.R. No. L-30323 August 31, 1973 - CITY OF TAGBILARAN, ET AL. v. SEVERIANO G. LIM

  • G.R. No. L-31439 August 31, 1973 - LUZON RUBBER & MANUFACTURING CO. v. SIXTO ESTARIS, ET AL.

  • G.R. No. L-35095 August 31, 1973 - GERMAN C. GARCIA, ET AL. v. MARIANO M. FLORIDO, ET AL.

  • G.R. No. L-36505 August 31, 1973 - C.N. HODGES v. ELIEZER A. ESPAYOS, ET AL.

  • G.R. No. L-37389 August 31, 1973 - FELICIDAD MEJORADA, ET AL. v. MUNICIPAL COUNCIL OF DIPOLOG, ET AL.