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U.S.T. Cooperative Store vs. City Of Manila 122 Phil. 1034

U.S.T. COOPERATIVE STORE, petitioner-appellee, vs. THE CITY OF MANILA and MARCELINO SARMIENTO, as Treasurer of the City of Manila, respondents-appellants.

G.R. No. L-17133 | 1965-12-31

D E C I S I O N 


MAKALINTAL, J.: 

This is an appeal by respondents from the decision of the Court of First Instance of Manila ordering them to refund to appellee the sums it had paid to the City of Manila as municipal taxes and license fees for the period beginning July 1957 up to December 1958. The total amount involved is P12,315.10. 

The material facts were stipulated by the parties. Appellee is a duly organized cooperative association registered with the Securities and Exchange Commission on March 18, 1947 in accordance with Commonwealth Act No. 565 as amended. Its net assets never exceeded P500,000 during the years 1957,...