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State Land Investment Corp. Vs. Commissioner of Internal Revenue

STATE LAND INVESTMENT CORPORATION, Petitioner, versus COMMISSIONER OF INTERNAL REVENUE, Respondent.

G.R. No. 171956 | 2008-01-18

DECISION


SANDOVAL-GUTIERREZ, J.:

Before us is a Petition for Review on Certiorari[1] assailing the Decision[2] dated November 22, 2004 and Resolution dated March 14, 2006 of the Court of Appeals in CA-G.R. SP No. 72500.

State Land Investment Corporation, petitioner, is a corporation duly organized and existing under the laws of the Republic of the Philippines. It is a real estate developer engaged in the development and marketing of low, medium and high cost subdivision projects in the cities of Manila, Pasay and Quezon; and in Cavite and Bulacan.

On April 15, 1997, petitioner filed with the Bureau of Internal Revenue (BIR) its annual...