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CIR vs. Team (Philippines) Operations Corporation (Formerly Mirant Phils)

COMMISSIONER OF INTERNAL REVENUE, PETITIONER, VS. TEAM [PHILIPPINES] OPERATIONS CORPORATION [FORMERLY MIRANT (PHILS) OPERATIONS CORPORATION], RESPONDENT.

G.R. No. 179260 | 2014-04-02

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 June 2007 Decision[1] and the 13 August 2007 Resolution[2] of the Court of Tax Appeals (CTA) En Banc in C.T.A. EB No. 224 which affirmed in toto the Decision and Resolution dated 4 August 2006 and 8 November 2006, respectively, of the First Division of the CTA (CTA in Division)[3] in C.T.A. Case No. 6623, granting Team (Philippines) Operations Corporation’s (respondent) claim for refund in the amount of P69,562,412.00 representing...