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CIR vs. Toledo Power Company

COMMISSIONER OF INTERNAL REVENUE, PETITIONER, VS. TOLEDO POWER COMPANY, RESPONDENT

G.R. No. 259309 | 2023-02-13

D E C I S I O N
 
LAZARO-JAVIER, J.:
 
This Petition for Review on Certiorari[1] seeks to reverse the following dispositions of the Court of Tax Appeals En Banc in CTA EB No. 2237:
 
1)
Decision[2] dated July 12, 2021 affirming the award of PHP 6,971,071.10 as tax refund in favor of respondent Toledo Power Company; and
 
 
2)
Resolution[3] dated March 4, 2022 denying the Motion for Reconsideration of petitioner Commissioner of Internal Revenue (CIR).
 
Antecedents

Respondent Toledo Power Company (Toledo) is a domestic corporation[4] primarily engaged in the...