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Asian Transmission Corporation vs. CIR

ASIAN TRANSMISSION CORPORATION, PETITIONER, VS. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. [G.R. No. 247397] COMMISSIONER OF INTERNAL REVENUE, PETITIONER, VS. ASIAN TRANSMISSION CORPORATION, RESPONDENT.

G.R. No. 242489 | 2023-11-08

D E C I S I O N
 
SINGH, J.:
 
Before the Court are two consolidated Petitions for Review on Certiorari[1] (Petitions) under Rule 45 of the Rules of Court, dated July 4, 2019, and October 26, 2018, respectively, assailing the Amended Decision,[2] dated September 24, 2018, and the Resolution,[3] dated May 20, 2019, of the Court of Tax Appeals (CTAEn Banc, in CTA EB No. 1519. The CTA En Banc partially sustained its previous Decision,[4] dated December 15, 2017, and reduced respondent Asian Transmission Corporation's (ATC) unaccounted compensation from PHP 23,966,941.48 to PHP 16,096,409.13...