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Maria Carla Pirovano, Etc., Et Al. vs. Commissioner Of Internal Revenue 122 Phil. 173

MARIA CARLA PIROVANO, ETC., ET AL., petitioners-appellants, vs. THE COMMISSIONER OF INTERNAL REVENUE, respondent-appellee.

G.R. No. L-19865 | 1965-07-31

D E C I S I O N 


REYES, J.B.L., J.: 

This case is a sequel to the case of Pirovano, vs. De la Rama Steamship Co., 96 Phil. 335. 

Briefly, the facts of the aforestated case may be stated as follows: 

Enrico Pirovano was the father of the herein petitioners- appellants. Sometime in the early part of 1941, De la Rama Steamship Co. insured the life of said Enrico Pirovano, who was then its President and General Manager until the time of his death, with various Philippine and American insurance companies for a total sum of one million pesos, designating itself as the beneficiary of the policies obtained by it. Due to the...