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Commissioner of Internal Revenue vs The Philippine American Accident Insurance Company, Inc., et al.

COMMISSIONER OF INTERNAL REVENUE, Petitioner, versus THE PHILIPPINE AMERICAN ACCIDENT INSURANCE COMPANY, INC., THE PHILIPPINE AMERICAN ASSURANCE COMPANY, INC., and THE PHILIPPINE AMERICAN GENERAL INSURANCE CO., INC., Respondents.

G.R. No. 141658 | 2005-03-18

D E C I S I O N 


CARPIO, J.: 

The Case 

      Before the Court is a petition for review[1] assailing the Decision[2] of 7 January 2000 of the Court of Appeals in CA-G.R. SP No. 36816. The Court of Appeals affirmed the Decision[3] of 5 January 1995 of the Court of Tax Appeals ("CTA") in CTA Cases Nos. 2514, 2515 and 2516. The CTA ordered the Commissioner of Internal Revenue ("petitioner") to refund a total of P29,575.02 to respondent companies ("respondents"). 

Antecedent Facts 

      Respondents are domestic corporations licensed to transact insurance business in the country. From August...