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Philippine Basketball Association (PBA) vs. Court of Appeals

PHILIPPINE BASKETBALL ASSOCIATION, petitioner, vs. COURT OF APPEALS, COURT OF TAX APPEALS, AND COMMISSIONER OF INTERNAL REVENUE, respondents.

G.R. No. 119122 | 2000-08-08

D E C I S I O N
 
PURISIMA, J.:
 
At bar is a petition for review on certiorari under Rule 45 of the Rules of Court seeking a review of the decision1 of the Court of Appeals in CA-G.R. SP No. 34095 which affirmed the decision of the Court of Tax Appeals in C.T.A. Case No. 4419.
 
The facts that matter are as follows:
 
On June 21, 1989, the petitioner received an assessment letter from the Commissioner of Internal Revenue (respondent Commissioner) for the payment of deficiency amusement tax computed thus:
 
 
 
Deficiency Amusement Tax
Total gross receipts 1987
P19,970,928.00
 
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