Back

Commissioner Of Internal Revenue Vs. Mobil Philippines, Inc., Et Al.

COMMISSIONER OF INTERNAL REVENUE, petitioner, vs. MOBIL PHILIPPINES, INC. and THE COURT OF APPEALS, respondents.

G.R. No. 104920 | 1994-04-28

D E C I S I O N


FELICIANO, J.:

The Commissioner of Internal Revenue asks us to review and set aside the Decision of the Court of Appeals 1 which, reversing the Court of Tax Appeals ("CTA"), held a twenty-five percent (25%) surcharge imposed on private respondent Mobil Philippines, Inc. ("Mobil") for late payment of additional ad valorem taxes as invalid.

Private respondent Mobil is a corporation engaged in marketing aviation turbo (jet) fuel, diesel and bunker fuel oil to international carriers. Mobil obtains its supply of these petroleum products from Caltex Philippines., Inc. ("Caltex") drawing product from the latter's refinery in...