Back

Republic Of The Philippines vs. General Sales Supply Co., Inc.

REPUBLIC OF THE PHILIPPINES, plaintiff-appellee, vs. GENERAL SALES SUPPLY CO., INC., GERARDO SAMSON, and RESTITUTO SAMSON, defendants-appellants.

G.R. No. L-18543 | 1968-10-31

D E C I S I O N 

CAPISTRANO, J.: 

Appeal from the judgment of the Court of First Instance of Manila ordering the defendants to pay the plaintiff the sum of P79,379.69 as deficiency income taxes for the years 1946 to 1949 plus 5% surcharge and 1% monthly interest from April 15, 1955 until fully paid. 

The General Sales Company was engaged in the purchase and sale of school and office supplies and equipment. Gerardo Samson and Restituto Samson were President and General Manager, respectively, of the corporation. For the taxable years 1946 to 1949 the defendant corporation filed its income tax returns and paid the income taxes...