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Far East Bank and Trust Company vs. Court of Appeals, et al.

FAR EAST BANK AND TRUST COMPANY, Petitioner, versus COURT OF APPEALS, COURT OF TAX APPEALS and COMMISSIONER OF INTERNAL REVENUE, Respondents.

G.R. No. 129130 | 2005-12-09

D E C I S I O N 


AZCUNA, J.: 

This is a Petition for Review on Certiorari assailing the decision of the Court of Appeals (CA) dated May 7, 1997 in CA-G.R. SP No. 41666. 

The CA affirmed in toto the decision of the Court of Tax Appeals (CTA) dated January 24, 1996 and its resolution of July 31, 1996, dismissing petitioner Far East Bank and Trust Company's claim for refund of excess creditable withholding taxes in the aggregate amount of Seven Hundred Fifty-Five Thousand Seven Hundred and Fifteen Pesos (P755,715) allegedly paid and remitted to the Bureau of Internal Revenue (BIR) sometime in 1990 and 1991. 

The antecedent...