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Anderson vs. Posadas

WM. H. ANDERSON, plaintiff-appellee, vs. JUAN POSADAS, JR., Collector of Internal Revenue, defendant-appellant.

G.R. No. 44100 | 1938-09-22

D E C I S I O N


VILLA-REAL, J:

This is an appeal taken by Juan Posadas, Jr., as Collector of Internal Revenue, from the judgment rendered by the Court of First Instance of Manila, the dispositive part of which is as follows:

"For the foregoing considerations, judgment is rendered:

xxx xxx xxx

"4. Approving the deduction of the sum of P42,542.63 representing 100 per cent surcharge on income tax, disapproved in 1921;

"5. Holding that the amount of P155,000 presenting the alleged proceeds of the supposed sale of the `Goodwill Account', is not subject to income tax, and

"6. Holding that the amount of P125,000 representing an allegedly...