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Metropolitan vs. CIR

METROPOLITAN BANK & TRUST COMPANY, Petitioner, vs. THE COMMISSIONER OF INTERNAL REVENUE, Respondent. Present: SERENO, C.J., Chairperson, LEONARDO-DE CASTRO, DEL CASTILLO, PERLAS-BERNABE, and CAGUIOA, JJ.

G.R. No. 182582 | 2017-04-17

Republic of the Philippines
Supreme Court
Baguio City
 
FIRST DIVISION 
 
DECISION
 
PERLAS-BERNABE, J.:
 
Assailed in this petition for review on certiorari 1 is the Decision 2 dated April 21, 2008 of the Court of Tax Appeals (CTA) En Banc in C.T.A. EB No. 340, which affirmed the Decision3 dated August 13, 2007 and the Resolution4 dated November 14, 2007 of the CTA First Division (CTA Division) in CTA Case No. 6765, and consequently, dismissed petitioner Metropolitan Bank & Trust Company's (Metrobank) claim for refund on the ground of prescription. 
 
The Facts
 
On June 5,...