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Gaw vs. CIR

MACARIO LIM GAW, JR., PETITIONER, VS. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

G.R. No. 222837 | 2018-07-23

DECISION
 
TIJAM, J.:
 
Before Us is a Petition for Review on Certiorari[1] under Rule 45 of the Rules of Court filed by Macario Lim Gaw, Jr. (petitioner) assailing the Decision[2] dated December 22, 2014 and Resolution[3] dated February 2, 2016 of the Court of Tax  Appeals (CTA) En Banc in CTA EB Criminal Case No. 026.
 
Antecedent Facts

Sometime in November 2007, petitioner acquired six (6) parcels of land. To finance its acquisition, petitioner applied for, and was granted a Short Term Loan (STL) Facility from Banco De Oro (BDO) in the amount of P2,021,154,060.00.[4]

From April to June 2008,...