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Hantex Trading Co., Inc. vs. CIR

HANTEX TRADING CO., INC. Petiitioner vs. COMMISSIONER OF INTERNAL REVENUE, Respondent.

C.T.A. CASE NO. 5126 | 1997-12-11

REPUBLIC OF THE PHILIPPINES
COURT OF TAX APPEALS
QUEZON CITY
 
 
DECISION
 
The issue which is presented for our consideration is whether or note the assessments made by respondent against petitioner have valid and legal bases, thus making the latter liable to pay the former the amounts of P13,414,226.40 and P14,752,903.28, as deficiency income and sales taxes, respectively, plus interest that may accrue thereon until actual payment of the same.
 
Petitioner is a registered general partnership duly organized and existing under the laws of the Philippines and is engaged in the importation of plastic products (p. 210. BIR...