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CIR vs. Philippine Aluminum Wheels

COMMISSIONER OF INTERNAL REVENUE, PETITIONER, VS. PHILIPPINE ALUMINUM WHEELS, INC., RESPONDENT.

G.R. No. 216161 | 2017-08-09

D E C I S I O N
 
CARPIO, J.:
 
The Case

Before the Court is a petition for review on certiorari[1] assailing the 19 May 2014 Decision[2] and the 5 January 2015 Resolution[3] of the Court of Tax Appeals (CTA) En Banc in CTA EB No. 994.

The CTA En Banc affirmed the Decision of the CTA First Division ordering the cancellation and withdrawal of the deficiency tax assessments issued by the Commissioner of Internal Revenue (CIR) against Philippine Aluminum Wheels, Inc. (respondent).
 
The Facts

Respondent is a corporation organized and existing under Philippine laws which engages in the manufacture, production, sale, and distribution of...