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PANAY POWER CORPORATION (FORMERLY AVON RIVER POWER HOLDINGS CORPORATION), PETITIONER, VS. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

PANAY POWER CORPORATION (FORMERLY AVON RIVER POWER HOLDINGS CORPORATION), PETITIONER, VS. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

G.R. No. 203351 | 2015-01-21

FIRST DIVISION
 
D E C I S I O N

PERLAS-BERNABE, J.:
 
Assailed in this petition for review on certiorari[1] are the Decision[2] dated May 17, 2012 and the Resolution[3] dated August 29, 2012 of the Court of Tax Appeals (CTA) En Banc in CTA EB No. 709, which affirmed the Amended Decision[4] dated December 6, 2010 of the CTA Special First Division (CTA Division)in CTA Case No. 7402and dismissed the claim for refund/credit of excess input value-added tax (VAT) of petitioner Panay Power Corporation, formerly Avon River Power Holdings Corporation (petitioner),  for being prematurely filed.
 
The Facts
 
Petitioner is a domestic...