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Atlas Consolidated Mining and Development Corp. Vs. CIR

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

G.R. No. 159490 | 2008-02-18

D E C I S I O N


VELASCO, JR., J.:

The Case

Before us is a Petition for Review on Certiorari under Rule 45 assailing the May 16, 2003 Decision[1] of the Court of Appeals (CA) in CA-G.R. SP No. 46494, which affirmed the October 13, 1997 Decision[2] of the Court of Tax Appeals (CTA) in CTA Case No. 5205 entitled Atlas Consolidated Mining and Development Corporation (Atlas) v. The Commissioner of Internal Revenue (CIR), involving petitioner Atlas' application for issuance of tax credit certificate or refund of value-added tax (VAT) payments in accordance with Section 106(b) of the Tax Code on zero-rated VAT payers. Also assailed is the...