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Atlas Consolidated Mining & Devt. Corp. vs. Commissioner of Internal Revenue

ATLAS CONSOLIDATED MINING AND DEVELOPMENT CORPORATION, Petitioner, versus COMMISSIONER OF INTERNAL REVENUE, Respondent.

G.R. No. 146221 | 2007-09-25

D E C I S I O N


CARPIO, J.:

The Case

This is a petition for review[1] of the Decision[2] dated 19 June 2000 and the Resolution dated 24 November 2000 of the Court of Appeals in CA-G.R. SP No. 50068.

The Facts

Petitioner Atlas Consolidated Mining and Development Corporation (petitioner) is a domestic corporation engaged in the business of mining, production, and sale of various mineral products consisting principally of copper concentrates and gold. Petitioner is registered with the Bureau of Internal Revenue (BIR) as a Value Added Tax (VAT) entity with Registration No. 32-A-6-002224.

In 1988, petitioner filed VAT returns for the four quarters of...