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University Of Santo Tomas Vs. Board Of Tax Appeals 093 Phil 376

UNIVERSITY OF SANTO TOMAS, petitioner, vs. THE BOARD OF TAX APPEALS, respondent.

G.R. No. L-5701 | 1953-06-23

D E C I S I O N


BAUTISTA ANGELO, J.:

This is a petition for certiorari and prohibition to enjoin the Board of Tax Appeals from hearing the petition filed with it by the University of Santo Tomas to review the decision of the Collector of Internal Revenue which assesses against it the sum of P574,811.41 as income tax on its net income for the fiscal years of 1946, 1947, 1948, 1949 and 1950 in pursuance of section 20 of Executive Order No. 401-A issued by the President on January 5, 1951.

Petitioner is a private non-stock corporation organized and operated exclusively or educational purposes.

On July 26, 1950, the Collector of Internal...