Back

China Bank vs. CA, CTA, CIR / CIR vs China Bank

CHINA BANKING CORPORATION, petitioner, vs. COURT OF APPEALS, COURT OF TAX APPEALS, and COMMISSIONER OF INTERNAL REVENUE, respondents.

G.R. No. 146749 | 2003-06-10

D E C I S I O N 

CARPIO, J.: 

The Case 

Before the Court are the consolidated petitions for review[1] assailing the Decisions[2] of 16 October 2000 and 15 November 2000, and the Resolutions of 25 April 2001 and 8 January 2001 of the Court of Appeals in CA-G.R. SP No. 50790 and in CA-G.R. SP No. 50839, respectively. The Court of Appeals affirmed the Decision[3] of 30 September 1998 and the Resolution of 15 January 1999 of the Court of Tax Appeals in CTA Case No. 5405. The Court of Tax Appeals granted China Banking Corporation ("CBC") a tax refund or credit of P123,278.73 but denied due to insufficiency of evidence the remainder...