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Jovito Co Vs. Collector Of Internal Revenue 100 Phil 464

Intestate Estate of the late JOVITO CO, FLORA ROBERSON CO, Administratrix, petitioner-appellee, vs. COLLECTOR OF INTERNAL REVENUE, defendant-appellant.

G.R. No. L-9352 | 1956-11-29

D E C I S I O N


BENGZON, J.:

In Special Proceedings No. 599 of the Court of First Instance of Iloilo to wind up the estate of the deceased Jovito Co, the Collector of Internal Revenue filed in March 1951, a claim for deficiency war profits tax plus surcharge, amounting to more than P22,003.34. On April 14, 1951 the administratrix denied liability, asserting complete payment. In addition she presented a counterclaim for the sum of P1,561.56 which the deceased had paid as compensating tax on vessels purchased in 1946 from the Foreign Liquidation Commission, Republic Act No. 361 (1949) having exempted from that tax all purchases of...