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Heald Lumber Company vs. Benjamin N. Tabios

HEALD LUMBER COMPANY, petitioner, vs. BENJAMIN N. TABIOS, in his capacity as COMMISSIONER OF INTERNAL REVENUE, respondent.

G.R. No. L-23123 | 1969-09-30

D E C I S I O N 


MAKALINTAL, J.: 

This is a petition for review of the decision of the Court of Tax Appeals in CTA Case No. 1222 and of the resolution of said court denying petitioner's motion for reconsideration. The appealed decision - affirming respondents' assessment - held petitioner liable for the payment of the sum of P2,362.57 is 1/2% monthly interest from June 20, 1959 to November 24, 1961 on the amount of P16,219.00, the deficiency income tax for 1953 admittedly due from petitioner. 

The material facts are not controverted. On February 25, 1959 respondent originally assessed against petitioner the sum of P41,040.00...