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Commissioner of Internal Revenue vs. Central Luzon Drug Corporation

COMMISSIONER OF INTERNAL REVENUE, Petitioner, versus CENTRAL LUZON DRUG CORPORATION, Respondent.

G.R. No. 148512 | 2006-06-26

DECISION
 
AZCUNA, J.:
 
This is a petition for review under Rule 45 of the Rules of Court seeking the nullification of the Decision, dated May 31, 2001, of the Court of Appeals (CA) in CA-G.R. SP No. 60057, entitled "Central Luzon Drug Corporation v. Commissioner of Internal Revenue," granting herein respondent Central Luzon Drug Corporation's claim for tax credit equal to the amount of the 20% discount that it extended to senior citizens on the latter's purchase of medicines pursuant to Section 4(a) of Republic Act (R.A.) No. 7432, entitled "An Act to Maximize the Contribution of Senior Citizens to Nation...