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CIR vs. Toledo Power Company

COMMISSIONER OF INTERNAL REVENUE, PETITIONER, VS. TOLEDO POWER COMPANY, RESPONDENT.

G.R. Nos. 255324 & 255353 | 2023-04-12

D E C I S I O N
 
DIMAAMPAO, J.:
 
Via this Petition for Review on Certiorari,[1] the Commissioner of Internal Revenue (petitioner) assails the Decision[2] and the Resolution[3] of the Court of Tax Appeals (CTA) En Banc, affirming the adjudication of its Special First Division[4] and denying the motion for reconsideration thereof, respectively, in the consolidated cases docketed as CTA EB Nos. 1990 and 2000. The CTA Special First Division ordered the refund or the issuance of a tax credit certificate in the amount of P399,550.84 in favor of Toledo Power Company (respondent), representing its...