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Commissioner of Internal Revenue (CIR) vs. Bank of the Philippine Islands (BPI)

COMMISSIONER OF INTERNAL REVENUE, Petitioner, versus BANK OF THE PHILIPPINE ISLANDS, Respondent.

G.R. No. 134062 | 2007-04-17

                                             D E C I S I O N
 
 
CORONA, J.: 
 
This is a petition for review on certiorar i[1] of a decision[2] of the Court of Appeals (CA) dated May 29, 1998 in CA-G.R. SP No. 41025 which reversed and set aside the decision[3] and resolution[4] of the Court of Tax Appeals (CTA) dated November 16, 1995 and May 27, 1996, respectively, in CTA Case No. 4715. 
 
In two notices dated October 28, 1988, petitioner Commissioner of Internal Revenue (CIR) assessed respondent Bank...