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Commissioner Of Internal Revenue, Et Al. vs. Botelho Shipping Corporation, Et Al.

COMMISSIONER OF INTERNAL REVENUE and COMMISSIONER OF CUSTOMS, petitioners, vs. BOTELHO SHIPPING CORPORATION and GENERAL SHIPPING CO., INC., respondents.

G.R. Nos. L-21633-34 | 1967-06-29

D E C I S I O N 


CONCEPCION, C.J.: 

Appeal by the Government from a decision of the Court of Tax Appeals, reversing of the decisions of the Commissioner of Internal Revenue and the Commissioner of Customs, in Cases Nos. 956 and 957 of said Court, holding Botelho Shipping Corporation and General Shipping Co., Inc. - hereinafter referred to collectively as the Buyers - liable for the payment of the sums of P483,433.00 and P494,824.00, respectively, as compensating taxes on the vessels "M/S Maria Rosello" and "M/S General Lim."
 
On August 30, 1960, the Reparations Commission of the Philippines - hereinafter referred to as the...