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El Hogar Filipino Vs. James J. Rafferty 037 Phil 995

EL HOGAR FILIPINO, plaintiff-appellee, vs. JAMES J. RAFFERTY, Collector of Internal Revenue, defendant-appellant.

G.R. No. L-11861 | 1918-04-01

D E C I S I O N


JOHNSON, J .:

The appellee is a "building and loan association" duly and regularly organized under the laws of the Philippine Islands (Act No. 1459, sections 171-174). The only question presented by this appeal, is whether or not it is a "domestic building and loan association organized and operated exclusively for the mutual benefit of its members." If it is, then it is relieved from the necessity of paying the income tax by virtue of the express provisions of paragraph G of the Act of Congress of October 3, 1913, and the judgment of the lower court must be affirmed. If it is not such a building and loan association,...