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Maria B. Castro vs. Collector Of Internal Revenue 114 Phil. 1032

MARIA B. CASTRO, petitioner, vs. THE COLLECTOR OF INTERNAL REVENUE, respondent.

G.R. No. L-12174 | 1962-04-26

D E C I S I O N 


REYES, J.B.L., J
.:

Appeal from a decision of the Court of Tax Appeals (in its C.T.A. Case 141) holding petitioner Maria B. Castro liable under the War Profits Tax Law, Republic Act No. 55, and ordering her to pay a deficiency war profits tax (including surcharges and interest) in the amount of P1,360,514.68, and costs. 

The background of this case is set forth in great detail in the decision appealed from. We quote: 

"Petitioner Maria B. Castro, who is authorized to manage her own property, is a duly licensed merchant. 

Pursuant to the provisions of Section 4(b) and (c) of Republic Act No. 55, she filed with...