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Dumaguete Cathedral Credit Cooperative (DCCCO) vs. Commissioner of Internal Revenue (CIR)

DUMAGUETE CATHEDRAL CREDIT COOPERATIVE [DCCCO], Represented by Felicidad L. Ruiz, its General Manager, Petitioner, versus COMMISSIONER OF INTERNAL REVENUE, Respondent

G.R. No. 182722 | 2010-01-22

D E C I S I O N

DEL CASTILLO, J.:

The clashing interests of the State and the taxpayers are again pitted against each other. Two basic principles, the State's inherent power of taxation and its declared policy of fostering the creation and growth of cooperatives come into play. However, the one that embodies the spirit of the law and the true intent of the legislature prevails.

This Petition for Review on Certiorari under Section 11 of Republic Act (RA) No. 9282,[1] in relation to Rule 45 of the Rules of Court, seeks to set aside the December 18, 2007 Decision[2] of the Court of Tax Appeals (CTA), ordering petitioner to pay deficiency...