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San Roque Power Corporation vs. Commissioner of Internal Revenue (CIR)

SAN ROQUE POWER CORPORATION, Petitioner, versus COMMISSIONER OF INTERNAL REVENUE, Respondent

G.R. No. 180345 | 2009-11-25

D E C I S I O N

CHICO-NAZARIO, J.:

In this Petition for Review on Certiorari, under Rule 45 of the Revised Rules of Court, petitioner San Roque Power Corporation assails the Decision[1] of the Court of Tax Appeals (CTA) En Banc dated 20 September 2007 in CTA EB No. 248, affirming the Decision[2] dated 23 March 2006 of the CTA Second Division in CTA Case No. 6916, which dismissed the claim of petitioner for the refund and/or issuance of a tax credit certificate in the amount of Two Hundred Forty-Nine Million Three Hundred Ninety-Seven Thousand Six Hundred Twenty Pesos and 18/100 (P249,397,620.18) allegedly representing unutilized input Value...