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TEC BI & Company vs. Collector of Internal Revenue

TEC BI & COMPANY, INC., plaintiff-appellant, vs. THE COLLECTOR OF INTERNAL REVENUE, defendant-appellant.

G.R. No. 42115 | 1935-03-30

D E C I S I O N


BUTTE, J:

Suit was brought in the Court of First Instance of Manila by Tec Bi & Company, Inc., against the Collector of Internal Revenue to recover the sum of P4,387.75 paid under protest as income taxes by Yu Yiong & Co. (the predecessor of the said corporation) for the calendar years 1921, 1923, 1924, 1926 and 1927. Judgment was rendered requiring the collector to refund the taxes paid for the years 1921, 1923 and 1924 only. Both parties have appealed to this court.

The cause was submitted and must be determined on the following agreed statement of facts:

"1. Que el dia 30 de septiembre de 1910, se organizo en esta...