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Western Minolco Corp. Vs. Commissioner of Internal Revenue, et al.

WESTERN MINOLCO CORPORATION, petitioner, vs. COMMISSIONER OF INTERNAL REVENUE and COURT OF TAX APPEALS, respondents.

G.R. No. L-61632 | 1983-08-16

D E C I S I O N


GUTIERREZ, JR., J.:

This is a petition for review on certiorari of a Court of Tax Appeals' decision denying the petitioner's claim for the refund of P1,317,801.03, representing money market transaction taxes which the petitioner paid from June 3, 1977 to August 5, 1977, and the resolution denying its motion for reconsideration.

Petitioner is a domestic corporation engaged in mining, particularly copper concentrates for export mined from mineral lands in Atok and Kibungan, Benguet.

In October 1972, upon application for tax exemption filed with the Bureau of Mines, the petitioner was granted Certificate of Qualification...