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PSALM vs. CIR

Power Sector Assets and Liabilities Management Corporation vs. Commissioner of Internal Revenue

G.R. No. 226556 | 2019-07-03

DECISION
 
CARPIO, J.:
 
The Case
 
This petition for review1 assails the Decision2 promulgated on 17 May 2016 as well as the Resolution3 promulgated on 12 August 2016 by the Court of Tax Appeals En Banc (CTA EB) in CTA EB Case No. 1282. The CTA EB affirmed the Decision4 dated 2 December 2014 and Resolution5 dated 25 February 2015 of the Third Division of the Court of Tax Appeals (CTA Third Division) in CTA Case No. 8475. The CTA Third Division found petitioner Power Sector Assets and Liabilities Management Corporation (PSALM) liable to pay the amount of P9,566,062,571.44 as deficiency value-added tax (VAT) for the taxable year...