CTA Case No. 2263 (Decision)

REf'f.'BLTC OF THE PHILIPPI �. E8 Col' RT OF TAX APPEALS QUEZON CITY � n .., c l J .~, �"' ' h~'flst. 1,-. I .c' .) of t l 1.. 25( :on rr 30. '� y1 ct ~ !: ,., 1 : o. � v~mbr- . 1:;, 1 76~ .., '" 0 ~ n ~ J 1v 1 t 196f.1 4� � oo :;tic e' -.,t~r �:t � C'in ' ul 262

v ., ... ,., � " .. ~.; . 2 i.t.._� ;;. r t ~ r l' lJ. p \. ilC..., e ' j. ... : 3, ' � ' i n il ;; , ' c 1' :\.il b F ct u c r0 � J.- ti , c n. U, .� � .,.J. t t 'I � v9 or t QJ 263 '�

tjiliit~V � 3 11 c l Ct. No . 54~ 1 0 itH. ,.. - -rr� t. iD"ifl J � ~ JulY 1, dy 't1 t � n r. . , .~.t t. � .. i . �. ��it' J v l.l ""!' r:Jf ..�� ,. d1 ,r-att- cr ,, , t .~ . 0 _n e")> �~ ~l 1, 06f' , ,,.y �01'00 tilt en. r fJC!."' � by r t � ln 0 n'- � ..' 3 .:1 '-'(! t... -,�~ .� t ...n r !"t"' ..~, !...~... ~ i."'l't ~0 �~r-r --. hou l b,-. 11 rr� �

0. :f It. 1c g f't - ~ 3' 1 th . lo ...�houl � 1 � � 1. co r - n- r rr J . . pl� to 1 .!'1eom� f.rom ni it"" sh � d .ct nin of ts tuY 'b f'i! r . h in qu ~tic is ~u j ct ti n., t 1 t on ar- nt, o t� . otL .t gin- n nr a ~r Ju � � j .. , 196 . t , that th .. ivr: dt t! . cr ase at� .<..{..fa:t ' y 1, 1 68, n ' r . ' Ju � 1, 1'96 s th a y r � ~ ccountinc riocl . fr.~. � Cioctr in t1 t has ~ (.\')n st~adfost ly dh red r . 0 by thP r ts 1 th t t ~st . fU a .rl 1 th i' 2 6 5

!L ' CP~! 01 ... CT C .rrr. � 2053 :f r t.:; t. n ~n c f ht~ 1 ls <"lf t ~1A hfl ., 5 F; Cf,, 27 '1 ; t ) r e ,~. !'! ,., e~ ~n en. � C Ba ,. ~.., !iC! ; c.,. t 9 1 ? <~ l H!\'0 ;.'Ut" . y lne. 111 ; PH 1! ' Ol.!t" v l lnc. v. r � � r c ~ t ms, r u r~o ~ gni .t~l!'d e. f $ atutory con- ' 1 ~ �-r 1W� gd / . b .. t ('>r th ()lOS.t io ~ ~t t l, 't s va ~ l')'fj t Ju t <b.$1 con truet (') or nte:rpr . a 0!'1. W\!1' r rl-"pr . � n ci . ,. . ht t th ', !.o. r � 1 ajn!t 266

.... ~ f) ,. r,:; 6 I , 1 ' (' ' �0 :r cor .. r ti~ a:ry 1, t 969 . ho �h� t t }. lo tL t . ~r h th ' r., or �JnO 1 p , r, e z. r � 1 ,~, t fl'1d './ ho.n r (:1 rd(!o 1 5 l i rr~l l �ng .� .~.n& "l: yz.tng . \ �- wo 1nt,~ of t l ,.. :>[ ' .. Q � f I( tr ,j .14; on l<"Y wh Cl')llld un .tlV"' b~ on rtl(!' pl in fit)' r. . .. . ,. of ... ~ f,t Xt; l 1 - r-11 . ry, �� 1 I) h � ~'~ l"m -~.a abl yt> a r~ nd r Y"'ilt' t r th~l f 1 1 ~ en 1 G f.!1 .. 1 ' C. ueh ~ ~ y a� . on t �""<ill! cf h h r: oO!::i 1~ a nvn ...'-.- 1~1"1 .:! t (!!> n }' h 1 ('!t r h t' In d�C, n. tin t.~,~e � "' e;i c e4 ( o) (p) , ,.,r:.v .U~� t'ld 1 .- e m t X� t il , h .~ec,.p t c. t ...; 1 h*" nin J urtu ry 1 ~d e- l"l.l;' r ,' ..h ch �l "..".,' 0� lt'"1d r v r , or n , cc " !1 10 'liP. on h ' "' 'Jr.> .v, t ~ ;J:!! ' r:cr-. ~~ (' ' h ~ i' 26 7

7 tl, ... .t >') f r ... � h ch ou:r lne T x 1 t fi:rncd., t t r ~t ~ il rly fl ;. n aS' rollo e;u . , s d'1 , 1Uf-'C ��y 1 ;~ an ; n 1�h . jtt ct1"'pl'Udenc., r . cd of t lv ~ n:1n- r l 11 ' X Yt"S:tt" Pt �, tn 0 axr� :r r ar Ct1 l<"n a!" y ar eor pGr tion hav u t obl � 1 ar . 1 . ne "~'anu ry 1 Gn ': ~~d r-nc:em � ~ 1� w!:r l cor t>J:'a io s ba,vs a t . nbl y ar b - hP f r t

'..... 3 I x- fl' p 17 t . J�� r' i n ~,. r J n 3: 1t''6f 1 0 1n .1n ... ul .. 1' 1 ~ 6.._ ' , � ~- s eo 0 t1 r tl r nn 1' ,,. 69 t ~ t n ' r xt �rt'! ng .l t t-!e c s ~ r, 3 ,, { ;_' - t1 e 35/ ) 'n r y 1, a~� �0 '.,l.. r 1ft It n~ 1t 1 ~ . ' r r l Co: t s ct ~) ''"..., ~' "~' �c f t o .. i l" ..\... J ~ 2 69 ~

/ - 270 ;!J

1 -lh- t . 1n no r > th Cor. 01" . on , n ( . � 7-8, c r . )1 r-,n .. po d nt :r hit"lr lf ot d. n t � � nt... t. �t c �1r t !'\ 1 0 Ae � o � :::1 1, l~ ., c t. � a:;� Tttl!f ' 0 of �o ~ ' ..fn :r _f tux rc !. y 1 th!le . ly t h 0 t " � n . "".ar y t - " .� 11 rn.t~ ,, 271

IJ ..,. '3 A ) .. h ut 0. J .....f) "' ") y r 0 .... 1, A ~ n- ... c c "' 0 .J J i' It' h Jul 1t 1 y' 1 t .... r c ' ..�� 0 r- ./ /

- 1 ' � , 27 3

... 1 l'\'\1 t- ,\f l� c 11 ~ ,.. v �- ... c 1 o. # l t .".. J... �� r t� or .. - Y r. n

\ \- �- �""'I 2115 ~ 14 <t 't. !') �� ; �'. 1~' - \ v n fit Aat r 1 ~ , n o... 193+ n A t � ' , n l t ~~- v. c U,..:J .. "' ,.JA � ) e r 1 ... er .. ra hin n or e h ot 0 -�n. 'l!hL dm~ i d b~? ca s Uti , ua tn a- t t th- e � l~nd r '1 fj~Q r )� E~ff~ot1 v 1 ft r �m l y ,a r nd ~ y .tt "Jf e � , nd ~�dvt nta � , o:r. f .i "'c 1 yesr t t''Y : hi b "' t ... r- 275

� � ... .� 1 �� � n n 0 ., 1 �0 , 0 t � ) r � rn . ri t . ' ~ .n r .0 � e~ 1 ::J t�� ' 1 n 'f" c c � .J ) 1 c 276

CJ .- :z 53 C""1 1. h !t ~ .<; i �� .l l (� 19 , 5) r q cL ~ .n j. ( � 51 31 tr ;� 2 7 7

I. - i' \ 1/ t �' r '

"�"'"""I'' !"".>t IV .i.V .� uM ... � ;: I Ch ~!' t~ � ' : . 1. ~ � . d 'l r l, l .t ~~ '2 9 tAJ . '

""N. ., 2 ~3 .� :l � � � e... .I 'Y.t ' ' .. � t' .�. i \,-.1,..f\i.- ;����~ .. .. i' 280

r'Cl'' I .. ... .0 .. .-;. 1��11 c�: : \.U �. / .. ~ . .y .."� ' :1 c rt ' t r qni. e1 .. t ;.. ~~ <) /t�1 '41 ~~ d �,(;� . ( Ch ~(1 -,1� , . .~,6U C.n;J y...,..) .~. t ( ,, 281

,.., '..� _'{'.).. JJ I _, 'if e '. 1 l .... .' (. .tJ'!.' t~3(!: .. ~ i J: 11} , cor.- '<;tf-~�.�tk�, in (', thf!l' l:a;~: r:v~ G;t "" til,, ''f 1 4 , ~e;1 . b ~ 18 �''" ~ h ., thr ~'" c '.'1 ~.. 1 t t~ ,.,_ tr:..r; to . aid r:li;�j ~�-~� ' ,.,.. rrv )''-.~11 ''' � ~ t: �I 0 1?: c rd r.� tn1 ' ~�� '"d. ted I. i' 28 2 �r

. � ' .. � � ,J�c�~ *. ~di'\ � \ I i' 283