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COMMISSIONER OF INTERNAL REVENUE, PETITIONER, VS. TOLEDO POWER COMPANY, RESPONDENT. [G.R. NO. 199645] TOLEDO POWER COMPANY, PETITIONER, VS. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

COMMISSIONER OF INTERNAL REVENUE, PETITIONER, VS. TOLEDO POWER COMPANY, RESPONDENT. [G.R. NO. 199645] TOLEDO POWER COMPANY, PETITIONER, VS. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

G.R. No. 195175 | 2015-08-10

FIRST DIVISION
 
D E C I S I O N
 
SERENO, C.J.:
 
Before the Court are consolidated Petitions for review on certiorari assailing the Decisions of the Court of Tax Appeals En Banc (CTA En Banc) dated 15 September 2010[1] and 7 July 2011[2] and Resolutions dated 12 January 2011[3] and 7 December 2011[4] in C.T.A. EB Nos. 589 and 708, respectively.
 
THE FACTS

Toledo Power Company (TPC) is engaged in the business of power generation and subsequent sale thereof to the National Power Corporation (NPC), Cebu Electric Cooperative III (CEBECO), Atlas Consolidated Mining and Development...