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Maria R. Castro vs. Collector Of Internal Revenue

MARIA R. CASTRO, petitioner, vs. COLLECTOR OF INTERNAL REVENUE, respondent.

G.R. No. L-12174 | 1962-12-28

R E S O L U T I O N 


REYES, J.B.L., J.: 

 Petitioner-appellant Maria B. Castro asks for partial reconsideration of the decision of this court dated April 26, 1962, contending that the one percent (1%) monthly interest on the war profits tax due from her should be limited to a total of thirty-six per centum (36%).
 
 This contention is made to rest on the provisions of the Internal Revenue Code on Income Tax, Section 51 (e), as amended by Republic Act No. 2343 (approved on June 29, 1959), to the effect that: 

"SEC. 51 (e). Additions to the tax in case of nonpayment. - (1) Tax shown on the return. - Where the amount...