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Philippine International Trading Corporation Vs. Commission on Audit

PHILIPPINE INTERNATIONAL TRADING CORPORATION, petitioner, versus COMMISSION ON AUDIT, Respondent.

G.R. No. 183517 | 2010-06-22

D E C I S I O N


PEREZ, J.:

The inclusion of allowances in the computation of the retirement/separation benefits of the employees of petitioner Philippine International Trading Corporation (PITC) is at issue in this petition for certiorari filed pursuant to Rules 64 and 65 of the 1997 Rules of Civil Procedure, seeking the nullification and setting aside of the adverse rulings dated July 4, 2003 and February 15, 2008 issued by respondent Commission on Audit (COA).

The Facts

Created pursuant to Presidential Decree No. 252 dated July 21, 1973, petitioner is a government-owned and controlled corporation tasked with promoting and developing...