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LEAR Automotive Services (Netherlands) vs. CIR

LEAR AUTOMOTIVE SERVICES (NETHERLANDS) B.V. -PHILIPPINE BRANCH, Petitioner, vs. COMMISSIONER OF INTERNAL REVENUE, Respondent. Members: Castaiieda,Jr., Chairperson Casanova, and Cotangco-Manalastas, JJ.

CTA NOS. 8421 & 8561 | 2015-05-21

DECISION
 

COTANGCO-MANALASTAS,J.:
 

In this consolidated case, Lear Automotive Services (Netherlands) B.V. -Philippine Branch seeks the reversal and setting aside of the decisions of the Commissioner of Internal Revenue dated December 21, 2011 and September 26, 2012 that found it liable to pay the respective amounts of P33,139,425.51 and P21,138,104.97, allegedly representing its deficiency income ta){es and penalties for ta){able years 2007 and 2008.
 

FACTS
 

Petitioner Lear Automotive Services (Netherlands) B.V. - Philippine Branch is a duly registered Philippine branch of Lear Automotive Services (Netherlands) B.V....