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Philippine Bank of Communication (PB Com) vs. CIR

PHILIPPINE BANK OF COMMUNICATION, Petitioner, Vs. COMMISSIONER OF INTERNAL REVENUE, Respondent. Members: CASTAÑEDA, JR., Chairperson UY, and PALANCA-ENRIQUEZ, JJ.

C.T.A Case No. 6177 | 2008-07-30

REPUBLIC OF THE PHILIPPINES
Court Of Tax Appeals
QUEZON CITY
 
SECOND DIVISION
 
DECISION
 
PALANCA-ENRIQUEZ, J.:
 
THE CASE
 
This is a Petition for Review filed by Philippine Bank of Communication (hereafter "petitioner") praying for the cancellation of the assessments for deficiency income tax, percentage tax, withholding tax on compensation, 20% final tax, 10% onshore final tax and documentary stamp taxes for the years 1996 and 1997 and that respondent be ordered to desist from collecting said taxes from petition
 
THE PARTIES
 
PBCom is a banking corporation organized and existing under the laws of the...