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Commissioner of Internal Revenue (CIR) vs Philippine Airlines Inc. (PAL)

COMMISSIONER OF INTERNAL REVENUE, PETITIONER, VS. PHILIPPINE AIRLINES, INC. (PAL), RESPONDENT.

G.R. No. 179259 | 2013-09-25

SECOND DIVISION
D E C I S I O N
 
PEREZ, J.:
 
Before the Court is a Petition for Review on Certiorari seeking to reverse and set aside the 19 July 2007 Decision[1] and 23 August 2007 Resolution[2] of the Court of Tax Appeals (CTA) En Banc in CTA EB No. 271 which affirmed the cancellation and withdrawal of Assessment Notice No. INC-FY-99-2000-000085 and Formal Letter of Demand for the payment by the respondent Philippine Airlines, Inc. (respondent), of deficiency Minimum Corporate Income Tax (MCIT) in the amount of P326,778,723.35, covering the fiscal year ending 31 March 2000.

The Facts

The factual antecedents of the case are...