Back

Ppel (Phil.) Inc. Vs. Collector Of Internal Revenue 113 Phil. 17

PPEL (PHILIPPINES) INC., petitioner-appellant, vs. COLLECTOR OF INTERNAL REVENUE, respondent-appellee.

G.R. No. L-10550 | 1961-09-19

D E C I S I O N 


PAREDES, J.: 

This is an appeal taken by the Koppel (Philippines) Inc., petitioner-appellant, from the decision dated March 5, 1956, rendered by the Court of Tax Appeals, declaring that it had no jurisdiction over the dispute, on the ground that petitioner's cause of action to seek the refund of P30,726.53, had already prescribed under section 306 of the National Internal Revenue Code; and in sustaining the order of the respondent Collector of Internal Revenue, denying the refund of P30,726.53, under section 30 par. (d), sub-par. (2) and sec. 30 par. (e) sub-par. (1), of the said revenue Code.
 
The case was...