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Balanga Power Plant Co. vs. Commissioner Of Internal Revenue 121 Phil. 1396

BALANGA POWER PLANT CO., petitioner, vs. COMMISSIONER OF INTERNAL REVENUE, respondent.

G.R. No. L-20499 | 1965-06-30

D E C I S I O N 


CONCEPCION, J.: 

Petitioner Balanga Power Plant Co., Inc. seeks the review of a decision of the Court of Tax Appeals. 

The main facts, which have been stipulated by the parties, are: 

"1. That the Balanga Power Plant Co., Inc., the petitioner herein, is a Filipino corporation with offices at Balanga, Bataan, organized and existing under the laws of the Philippines (See attached certified true copy of the Articles of Incorporation, Annex 'A'); and the respondent is the head of the Bureau of Internal Revenue; 

"2. That the petitioner is the grantee of six (6) municipal franchises to operate an electric...