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United Overseas Bank vs. Commission of Internal Revenue

UNITED OVERSEAS BANK PHILIPPINES, petitioner, vs . COMMISSIONER OF INTERNAL REVENUE, respondent.

C.T.A. EB CASE NO. 229 (C.T.A. Case No. 6978) | 2007-07-19

D E C I S I O N
 
CASTAÑEDA, JR., J:
 
STATEMENT OF THE CASE
 
Before Us is a petition for review assailing the Decision and the Resolution dated July 31, 2006 and November 9, 2006, respectively, promulgated by Second Division of the Court of Tax Appeals (Court in Division, for brevity) in the case entitled "United Overseas Bank Philippines vs. Commissioner of Internal Revenue" docketed as C.T.A. CASE No. 6978.
 
The dispositive portion of the assailed decision provides, as follows:
 
IN VIEW OF THE FOREGOING, the instant Petition for Review is hereby DISMISSED for lack of merit. The assailed Decision of the...