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Compagnie Financiere Sucres Et Denrees vs. Commissioner of Internal Revenue.

COMPAGNIE FINANCIERE SUCRES ET DENREES, Petitioner, versus COMMISSIONER OF INTERNAL REVENUE, Respondent.

G.R. No. 133834 | 2006-08-28

SECOND DIVISION
 
D E C I S I O N 
 
SANDOVAL-GUTIERREZ, J.: 
 
For our resolution is the instant Petition for Review on Certiorari assailing the Decision[1] of the Court of Appeals dated October 27, 1997 in CA-G.R. SP No. 39501. 
 
Compagnie Financiere Sucres et Denrees, petitioner, is a non-resident private corporation duly organized and existing under the laws of the Republic of France. 
 
On October 21, 1991, petitioner transferred its eight percent (8%) equity interest in the Makati Shangri-La Hotel and Resort, Incorporated to Kerry Holdings Ltd. (formerly Sligo Holdings Ltd), as shown by a Deed of...