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Commissioner of Internal Revenue Vs. Team Sual Corporation (formerly Mirant Sual Corporation)

COMMISSIONER OF INTERNAL REVENUE, Petitioner, vs TEAM SUAL CORPORATION (formerly MIRANT SUAL CORPORATION), Respondent.

G.R. No. 194105 | 2014-02-05

FIRST DIVISION

DECISION

REYES, J.:

Before this Court is a petition for review on certiorari1 under Rule 45 of the Rules of Court seeking to annul and set aside the Decision2 dated June 16, 2010 and the Resolution3 dated October 14, 2010 of the Court of Tax Appeals (CTA) en bane in CTA EB No. 504. The CTA en bane affirmed the Decision4 dated January 26, 2009 as well as the Resolution5 dated June 19, 2009 of the CTA First Division in CTA Case No. 6421. The CTA First Division ordered the Commissioner of Internal Revenue (CIR) to  refund or credit to Team Sual Corporation (TSC) its unutilized input value-added tax (VAT) for the taxable year...