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Allied Banking Corporation vs. The Quezon City Government, et al.

Allied Banking Corporation as Trustee for the Trust Fund of College Assurance Plan Philippines, Inc. (CAP),Petitioner, versus The Quezon City Government, the Quezon City Treasurer, the Quezon City Assessor and the City Mayor of Quezon City, Respondents.

G.R. No. 154126 | 2006-09-15

EN BANC
 
R E S O L U T I O N 
 
CARPIO MORALES, J.: 
 
Allied Banking Corporation (petitioner) filed the instant motion for clarification of the Decision of this Court promulgated on October 11, 2005 which declared as invalid the third sentence of Section 3, Quezon City Ordinance No. 357 Series of 1995 (the proviso)[1] for adopting a method of assessment or appraisal of real property contrary to the Local Government Code and its Implementing Rules and Regulations and the Local Assessment Regulations No. 1-92 issued by the Department of Finance. 
 
Petitioner contends in its motion for clarification that the...