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EAST ASIA UTILITIES CORPORATION v COMMISSIONER OF INTERNAL REVENUE

EAST ASIA UTILITIES CORPORATION, Petitioner v COMMISSIONER OF INTERNAL REVENUE, Respondent. Members: Castaneda, Chairperson Casanova, and Cotangco-Manalastas, JJ.

CTA CASE NO. 8179 | 2014-05-21


REPUBLIC OF THE PHILIPPINES
COURT OF TAX APPEALS
QUEZON CITY
 
SECOND DIVISION
 
                     DECISION                         

COTANGCO-MANALASTAS:
 
This is a Petition for Review filed on October 15, 2010 by East Asia Utilities Corporation to appeal the Final Decision on Disputed Assessment (FDDA) 1 of the Commissioner of Internal Revenue that demanded the payment of P2,791,894 .70, representing alleged deficiency income tax and penalties covering taxable year 2006.
 
FACTS
 
Petitioner East Asia...