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Antonio Roxas vs. Court of Tax Appeals 23 SCRA 276

ANTONIO ROXAS, EDUARDO ROXAS and ROXAS Y CIA., in their own respective behalfs and as judicial co-guardians of JOSE ROXAS, petitioners, vs. COURT OF TAX APPEALS and COMMISSIONER OF INTERNAL REVENUE, respondents.

G.R. No. L-25043 | 1968-04-26

D E C I S I O N
 
 
BENGZON, J.P., J.:
 
Don Pedro Roxas and Doña Carmen Ayala, Spanish subjects, transmitted to their grandchildren by hereditary succession the following properties:
 
(1) Agricultural lands with a total area of 19,000 hectares, situated in the municipality of Nasugbu, Batangas province;
(2) A residential house and lot located at Wright St., Malate, Manila; and
(3) Shares of stocks in different corporations.
 
To manage the above-mentioned properties, said children namely, Antonio Roxas, Eduardo Roxas and Jose Roxas, formed a partnership called Roxas y Compañia.
 
AGRICULTURAL LANDS
 
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