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Republic Flour Mills, Inc. vs. Commissioner of Internal Revenue (CIR) and the Court of Tax Appeals (CTA)

REPUBLIC FLOUR MILLS, INC., petitioner, vs. THE COMMISSIONER OF INTERNAL REVENUE and THE COURT OF TAX APPEALS, respondents.

G.R. No. L-25602 | 1970-02-18

EN BANC
 
 
REYES, J.B.L., J.:
 
Appeal by the Republic Flour Mills from the decision of the Court of Tax Appeals (in CTA Case No. 1151) on the sole question of whether or not in computing the manufacturer's sales tax due on the flour it manufactured and sold in 1959, wherein wheat grains imported tax-free in 1958 were utilized, the cost of said wheat grains is deductible.
 
As stipulated by the parties and found by the court below, the facts of this case are briefly as follows:
 
In 1957, the Republic Flour Mills, Inc., a domestic corporation engaged in the business of manufacturing flour, was granted...