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Fort Bonifacio Development Corporation Vs. Commissioner of Internal Revenue, et al. (RESOLUTION) 602 SCRA 159

FORT BONIFACIO DEVELOPMENT CORPORATION Petitioner, versus COMMISSIONER OF INTERNAL REVENUE, REGIONAL DIRECTOR, REVENUE REGION NO. 8, and CHIEF, ASSESSMENT DIVISION, REVENUE REGION NO. 8, BIR, Respondents.

G.R. No. 158885 | 2009-10-02

R E S O L U T I O N
 
LEONARDO-DE CASTRO, J.:
 
 
Before us is respondents' Motion for Reconsideration of our Decision dated April 2, 2009 which granted the consolidated petitions of petitioner Fort Bonifacio Development Corporation, the dispositive portion of which reads:
 
 
WHEREFORE, the petitions are GRANTED. The assailed decisions of the Court of Tax Appeals and the Court of Appeals are REVERSED and SET ASIDE. Respondents are hereby (1) restrained from collecting from petitioner the amount of P28,413,783.00 representing the transitional input tax credit due it for the fourth quarter of 1996; and (2) directed to...