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Aras-Asan Timber Co., Inc. vs CIR & CA

ARAS-ASAN TIMBER CO., INC., petitioner, vs. COMMISSIONER OF INTERNAL REVENUE and HON. COURT OF APPEALS, respondents.

G.R. No. 132155 | 2001-08-16

D E C I S I O N

QUISUMBING, J.:

This is an appeal by certiorari under Rule 45 of the Rules of Court from the decision of the Court of Appeals which affirmed the judgment of the Court of Tax Appeals in C.T.A. Case No. 3524, partially granting a claim for tax refund of specific taxes in favor of petitioner Aras-Asan Timber Co., Inc.

Briefly, the facts of the case are as follows:

Petitioner Aras-Asan Timber Company Inc., is a duly-licensed forest concessionaire with a Timber Licensing Agreement entered into with the then Ministry of Natural Resources, now Department of Environment and Natural Resources. During the period beginning from...