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COMMISSIONER OF INTERNAL REVENUE, PETITIONER, VS. BASF COATING + INKS PHILS., INC., RESPONDENT.

COMMISSIONER OF INTERNAL REVENUE, PETITIONER, VS. BASF COATING + INKS PHILS., INC., RESPONDENT.

G.R. No. 198677 | 2014-11-26

THIRD DIVISION
 
D E C I S I O N

PERALTA, J.:

Before the Court is a petition for review on certiorari assailing the Decision1 of the Court of Tax Appeals (CTA) En Banc, dated June 16, 2011, and Resolution2 dated September 16, 2011, in C.T.A. EB No. 664 (C.T.A. Case No. 7125).
 
The pertinent factual and procedural antecedents of the case are as follows:
 
Respondent was a corporation which was duly organized under and by virtue of the laws of the Republic of the Philippines on August 1, 1990 with a term of existence of fifty (50) years. Its BIR-registered address was at 101 Marcos Alvarez Avenue, Barrio Talon, Las...