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United International Pictures, AB Vs. Commissioner of Internal Revenue

UNITED INTERNATIONAL PICTURES AB, Petitioner, versus COMMISSIONER OF INTERNAL REVENUE, Respondent.

G.R. No. 168331 | 2012-10-11

THIRD DIVISION

DECISION 

PERALTA, J.:

This Petition for Review on  Certiorari  under Rule  45  of the Rules  of Court  assails  the  Decision1 dated  August  31,  2004  and  Resolution2 dated May  17, 2005 of the Court of Appeals in CA-G.R. SP No.  76173. 

The facts  follow.

On April 15, 1999, petitioner filed with the Bureau of Internal Revenue (BIR) its Corporation Annual Income Tax Return for the calendar year ended December 31, 1998 reflecting, among others, a net taxable income from operations in the sum of P24,961,200.00, an income tax liability of...