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PAL vs. CIR

PHILIPPINE AIRLINES, INC. (PAL), PETITIONER, V. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. [G.R. No. 206309, January 17, 2018] COMMISSIONER OF INTERNAL REVENUE, PETITIONER, V. PHILIPPINE AIRLINES, INC. (PAL), RESPONDENT.

G.R. Nos. 206079-80 | 2018-01-17

D E C I S I O N
 
LEONEN, J.:
 
Before this Court are two (2) consolidated Petitions for Review on Certiorari under Rule 45 of the Rules of Court assailing the August 14, 2012 Decision[1] and February 25, 2013 Resolution[2] of the Court of Tax Appeals En Banc in CTA EB Nos. 749 and 757 (CTA Case No. 6877).
 
These consolidated cases stem from a refund claim by Philippine Airlines, Inc. (PAL) for final taxes withheld on its interest income from its peso and dollar deposits with China Banking Corporation (Chinabank), JP Morgan Chase Bank (JPMorgan), Philippine Bank of Communications (PBCom), and Standard Chartered Bank (Standard...