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Collector Of Internal Revenue Vs. University Of The Visayas111 Phil. 263

COLLECTOR OF INTERNAL REVENUE, petitioner, vs. UNIVERSITY OF THE VISAYAS, respondent.

G.R. No. L-13554 | 1961-02-28

D E C I S I O N 


PADILLA, J.: 

This is a petition filed by the Collector of Internal Revenue under Section 18, Republic Act No. 1125, for review of a judgment rendered on 22 January 1958 by the Court of Tax Appeals, holding that the University of the Visayas (formerly Visayan Institute) is exempt from payment of income tax under the provisions of section 27(e) of the National Internal Revenue Code and that the assessments for income tax made by the petitioner for the years 1946 to 1950, inclusive, in the total sum of P46,592.03, exclusive of surcharges, penalties and interests are null and void, and ordering the petitioner to...