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Rhombus Energy, Inc. vs. CIR

RHOMBUS ENERGY, INC., Petitioner, vs. COMMISSIONER OF INTERNAL REVENUE, Respondent. Present: VELASCO, JR., J., Chairperson, BERSAMIN, LEONEN, * MARTIRES, and GESMUNDO, JJ.

G.R. No. 206362 | 2018-08-01

Republic of the Philippines
Supreme Court
Manila
 
THIRD DIVISION
 
DECISION
 
BERSAMIN, J.:
 
At issue is whether or not the taxpayer is barred by the irrevocability rule in claiming for the refund of its excess and/or unutilized creditable withholding tax.
 
The Case
 
This appeal assails the decision promulgated on October 11, 2012 in CTA EB Case No. 803,1 whereby the Court of Tax Appeals En Banc (CTA En Banc) reversed and set aside the decision dated March 23, 2011 of the CTA First Division granting the claim for refund of excess and/or unutilized creditable withholding tax in the total amount of P500,653.00 filed by...