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CIR vs. Acesite Hotel Corp

THE COMMISIONER OF INTERNAL REVENUE, Petitioner, versus ACESITE (PHILIPPINES) HOTEL CORPORATION, Respondent.

G.R. No. 147295 | 2007-02-16

D E C I S I O N
 
VELASCO, JR., J.:
The Case
Before us is a Petition for Review on Certiorari[1] under Rule 45 of the Rules of Court, assailing the November 17, 2000 Decision[2] of the Court of Appeals (CA) in CA-G.R. SP No. 56816, which affirmed the January 3, 2000 Decision[3] of the Court of Tax Appeals (CTA) in CTA Case No. 5645 entitled Acesite (Philippines) Hotel Corporation v. The Commissioner of Internal Revenue for Refund of VAT Payments.
The Facts
The facts as found by the appellate court are undisputed, thus:

Acesite is the owner and operator of the Holiday Inn Manila Pavilion Hotel along United Nations Avenue in Manila. It leases...