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999V24} Phil Home Assurance, Phil Am Assurance vs Ca & BIR

PHILIPPINE HOME ASSURANCE CORPORATION, PHILIPPINE AMERICAN ACCIDENT INSURANCE COMPANY, PHILIPPINE AMERICAN GENERAL INSURANCE COMPANY and AMERICAN INTERNATIONAL UNDERWRITERS (Phils.), INC., petitioners, vs. COURT OF APPEALS, and COMMISSIONER OF INTERNAL REVENUE, respondents.

G.R. No. 119446 | 1999-01-21

D E C I S I O N


MENDOZA, J.:

This is a petition for review on certiorari of the decision of the Court of Appeals, dated April 27, 1994, which affirmed the decision of the Court of Tax Appeals denying the claims filed by the petitioners for refund of documentary stamp taxes.

Petitioners are the Philippine Home Assurance Corporation (PHAC), the Philippine American Accident Insurance Company (PAAIC), the Philippine American General Insurance Company (PAGIC), and the American International Underwriters (Phils.), Inc. (AIUPI), which are domestic corporations engaged in the insurance business.

From January to June 1986, they paid under...