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CIR vs Benguet Corp

COMMISSIONER OF INTERNAL REVENUE, Petitioner, versus BENGUET CORPORATION, Respondent.

G.R. Nos. 134587 & 134588 | 2005-07-08

SECOND DIVISION

D E C I S I O N 

Tinga, J.: 

This is a petition for the review of a consolidated Decision of the Former Fourteenth Division of the Court of Appeals[1] ordering the Commissioner of Internal Revenue to award tax credits to Benguet Corporation in the amount corresponding to the input value added taxes that the latter had incurred in relation to its sale of gold to the Central Bank during the period of 01 August 1989 to 31 July 1991. 

Petitioner is the Commissioner of Internal Revenue ("petitioner") acting in his official capacity as head of the Bureau of Internal Revenue (BIR), an attached agency of the Department...