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Petron Corporation Vs. Commissioner of Internal Revenue

PETRON CORPORATION, Petitioner, versus COMMISSIONER OF INTERNAL REVENUE, Respondent.

G.R. No. 180385 | 2010-07-28

DECISION


PEREZ, J.:

Assailed in this petition for review on certiorari filed pursuant to Rule 45 of the 1997 Rules of Civil Procedure and Section 11 of Republic Act No. 9282[1] is the Decision dated October 30, 2007 rendered by the Court of Tax Appeals (CTA) En Banc in CTA EB No. 238.[2] The assailed decision affirmed the Decision dated August 23, 2006 in turn rendered by the CTA Second Division in CTA Case No. 6136, ordering petitioner Petron Corporation (Petron) to pay deficiency excise taxes for the taxable years 1995 to 1997, together with the surcharge, interests and delinquency interest imposed thereon.[3]

The Facts

A...