CTA Case No. 4820 (Decision)

REPUBLIC OF THE PHILIPPINES COURT OF TAX APPEALS QUEZON CITY ORANBO REALTY CORPORATION~ J:>c. t-1 t1 f"...~t~ Ctw .:. �~� -�~ �-�.:. �� 4 - � - � ; . .. CT_A_ CASE riO_ 4820 THE COMMISSIONER OF PromuifH.,t-'d: INTERNAL REVENUE, ----=-J~_.N_23'--1-. 9_95_ye; 1~ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1~ DECISION 120

DECISH! C.!.A_ CASE NO. 4820 Pet.iticn.;.r pa1d on June 29. 1990, the d�:<:ume.nt.::ny st.:u:np '..-.).T,l rTf::i'-'U>_�r�_J!..�:1-.1�-�;1�� i.-.i' , ;1.,�-�.:1..-�.:,-'-6, , r)i-:�i't���l-i_'-.l'(-)r-lt-.1' - 1~1H'1-tr..l-;;:1_ C-l''-J1. �I-I-l !-t)-;..- r_�i�:it' �J_�,t-ll�.1.' (�)r� 1 T�=� ,, 1�-�-=---�:-��j-J���=-.j!�-"�j~;���.-::_:.. \,,�..,r�� ��=..t rr :c--:'�n-�-._~;_,�u:��::''�~/ �-�..7..:~ C'- t���1:-:.:."�'l.~l'j-��� r~---�.~:-:-::.r-�t--l-'fll'.-t__.:�:_.1l.-t..c..:., 1-11 t.~�.-!.1~ �;>�-,-,,-.,11'"�+" ,-,f ~--�il�--1 -� -� �:l.l.t..!."-�--l..i.�.� --.-1 121

DtCIST� C.! .A_ CASE HO _4820 t:�etit.ioner . 1�.~,:;:;, .f.)-1-A-::;~.:-::.�!�i t�J�f~l C-1 Conveyance-s witll~)ut (>:tl11~�::tif~!:n ~l�;1t!l "3. '::.:}_!~. ~�~� tru.st.~'?'? ~~,r r:~~t!l~!- r=9r:;:~'t1'~ "':.?�7it!l,)U.t ��::r~~!!�::i~j;:r;::ttiot1 :�}re !1~:~t t;3_~~:~.t~19.'' �section 189. COllVA.V(HiC~S by - #' - corporation t owner of all the capitaL cc:!l..l~)~arl'~-'2 (:f rr2a1 s-:::t..:,t.:;. t�~l a C!)rr~cr;~Jtl:.:�=rl ~,..,:it.1lc~1-~.t ~:r:::,_lu_,:Jt,le ,:::�:::,tl~;i�::iS:re.t.i,::::t~ t:~~~ .3.1l c'~/=/.11E="r �:::.f ~;.11 i~~:; c~~-f:�it~:~.l �;~=~----~:1:~ i:-l ~=-~:::tJ::;::?�:~11J.-=?.rl��::Sr ::::�f 1~~3 (li:;::;c�l1J:.i(�!i i~:; rli.:::t ~:;1J.t:j�:?.;�:.~ tc� t=J:i�:. � 122

DECISION- -4- C.T.A. CASE .NO. 4820 ,.,:~ the- exe-rnption c�f :3 re.::dty Ci>rporat.it>.n frorn th' building} to e-ff.::-ct. the distribut.ic�n of its 3Sset:: in the proce.:;-:; of ~vve quote the pertinent ��In reply, please be informed that Se::tic�n 1[::.9 f, �:�./_i (�-��,f-!��-l.:�-:�,!-~1e-'Y{l. 1!��:.'. !l���,~;.Tt"i .P=,�..,:�-:~�,\,l A�-� !"lI"_IC�.�.� fnr.��C-�:.:r::-,_r1' 1_.111'=_1, t.1� � (�>-�f-l��:-�' 1r-.4,;',-�.-,�. ",;.),: �-�� C:.::> �':-1��.':-::' ��-���,�,.a. �-��-� UP Dc,._JJrnent:try� Sta.rnr T:::~.z ReguL3.tiorr:; pL:�~lh::les. viz: .-:�on~,.:�r:::,tk�n to .::-�'i�lner of all the cai)ita.l - " r of re:;}.l a. io., ;::cn�vs-;,;::Hlt:e e-st:;.te by �j)tl3i�::ier:Jti')n to a.n ov.,rner c�f all its ca.pita.l �3tc�ct in �>:::�n:::s-quBrLe .-)f i~.::: (ii~::::::olu.tion i�:: !Y�t :31_11:;-j-s<~ t��~� t:J.::.� rt is c!ear frc�m tlw a.t":)'le-quot..;-d �:.::<:ti�)n ~)f .RE>V'!11J.E:- :Re.si1J1).th::>H'3 l�iO. 26 t11a.t a. �:C�!lY~;r::HE' di:::;t.ributing in liqu.idation tht=? a::.::.&t; of a. corpora_U,>r"! corr::i3ting of rs-.~1 e~:;tat.E> �v.,rithout. �~otEiderc:tticn t:) :::1.11 t)~.\~rlS:r ()f it~:; c;:t[)it:1.l st.c;=:::l=~ is !iC't S1.J.t:;j=:;o(:t t) tl1e (lcn::unl'?.nt:ti-;7 -;~::;.rnp t:c~ ir:n[-:n:):3ed lJ.tl(!er SBdi.;)n 196 of t T�:> �' . .�.L11'::�"' oJ�~. ~�----�'�.-''.-J~':�:':', -�:::-~.:-=~, �:::-l.!"�r'L':~::'!1' -d....'=�:'.:'�-.j .l~��-.��''��.�''�-'.!�1���.i.i.1�H�:;:-;1, ..-;T.-, ./,..,. '�-.''''-�1-1�� .-_-.�.1r-_.1- � 1�11�'~---.'l,i t1n.t th<?. di�::tributL~n liTJ.i�:l:?.tion d tlw :~�::�::-">t:: �:1f Ov-.r1. .:::�.:msi::;ting of land ~?n-:1 blJikHng t�) E:~: s�::.le ~t.._��:1JY+:ier. the SG\-' E~ i=�Anp::my� Pn:��vkl<?nt Ft:m. :3. duly qu.:::~Jifi&d E�IE -registere-d tax-exernpt. empl�):-f-2'6- tsn.:::.fJ.t ;:.1an E n�A :::ubj'?.d. t~::. dc-�~-L'rL<::-nt=1ry c::t:HJif-' t:r:~ i::: L2-reby '-�-)�i 123

D:tCISION- C.L!. CASE NO. 1820 r::: >- ../ c<:'il:::t-J2r.:i_t.ic:tl ::;ii1CB it '::.1::-;:t:: (icr1s. 111 �i)Ur::.u..:).11c~ t�:) a. ~,:".:}lie! ;.J1:::sc�11J.t.ic~r1 any ---�r���� --�-r� ... t���-����� �-�'�- ---'-.-t��� ,___ t��-��� t~--_-�.T-7.. t��.--.. ~~-~--.-.-:1..--=.��1.--:-� .i 1-)ifl \'�,'1itf !::.':' +'.-l1-1.1.::�7. \._.;,..-\._.}-~._�-~t�,!-l�l~.-11.~:1-.1�,~"� -:�t..j_ 111~-) t_..:1...s7:�~ ,'-�-.--o-:l�..il ---'~ f.�.'-�' -"-d-!'U"H� u.1- r.�-}!�it.:' 1�e�::-ul tr, pt of-�H - . � - �'-�T TN+dl<-.�:1-l':"�_�v�e-r.. 1.::: n' i.gn' ;::.r -sEC. 196. St..amp tax on deeds- {Jf sale 311d ClW v&,raJlce {if real p.r�.}pe.rty - On :3.11 t1-.-::.., 1 ;,:-:.,-1�-�--~�-iJ�.� t-�-=-��.~ 1r>.---~=-~--t._:..;_.,t~�!�t��-=---': .....- ..-,r�i.-.-inqt .-�-.:.:.rtifi,�-.:,t.:;,.:� ,-.t- �-�'! �-�� -,::, ........... �--.!.. �-- 1.�-'.lL �--�- .�.:..:. .-.�-- �-�� ��.� -� �-� �._.. :::tdJudication i-:su~d by the (_rov~rnment, '"72rer~by ;::HlY t.i.n�:is. tHPnlents c�r other realty '3(�1r:i :-;1B11 be c':�nvs-ys-d t:::. t-!1~ puLha.::;er. or pur.=ha:;e.E:. or tc .::u::,~ ~:)t.11er f..ii:?r'::�:::r~ �:)f r)er�:;~::::fl3 (l~~:;i);rr::1.t.B'::~l t.l;l :::1_1.�:::11 pu.n:h::Jser or purc1lJ'::;s-r3_, tliere ~:;1El.!i be c:<: 11s<t.~d ;:J document:J.ry '3t:unp ta.z Jt. the hlf.:,~,ving r::lt?�::: pr::..p;::.r alloT,,.,,;:::mce. of any ;::.ncurnbr.:ii1(B do;::.�:; n,_:.t. . ~1-~(.E::E?(l ()f.i& t1J(:;t133.!l(l r:�e.:;c:::. t~rl r.:e::,t~�~~- " (1)) f-.::.:r �::;.::t_,:::Il J.(!:Jittcrla.l (:;ti~ t11()1J::~::i.tl:J [-):~::�=.:��::;/ (:t fr:3.cti')!1:3.l f-.';:J_rt. tller'2-''~'f i!l '2.':.:�:~~:::�:; '-~~f (:-!1e t1l~:::-u::;3_r~_,:=! 124

DECISION- C_T_A_ CASE NO_ 4820 -6- -:;;:.ll1~r1 it. a"r!r~,&ar::; t11a t tii& D.tll:)tl!1 t. c. f t11e -:L��::1)t:n<?.ntar;.i st:u:np t:n~ p:3.ya.b1e 1wre1_1_nder L::;: t.:,sn. rs-(l1JC~~-:! t!"';_~ a.11 ir1cr.:::rrect ::~t~3.t-s-rtlE=rt1t.. ~.:.rf ~-lie -i �::�:.:t1si;JS:r.::tt.i�:)!J. ~11 ;3.11;::- cotl~.r'7;ta.!l(&_: (Jo:?.e(i_, i:tl~:;tr~}11l~n.t_. �::1J.L:iect (;r ~t?rit.i11g: t:) �::1_1.�:~:11 t:~~-~ t1-;.~ r=���:�,rt~!Ili�::�::i�::~.tl2t_: prc-vinci:=::tl or city tr.::.-~�suret, or other r-?'lE-ti1J.E- ~Aftcer '311:::t11 fron the ::~:::-;.::-3-::nwnt. roll:; or 1>ther re1LJ.b1e source cf infcnn:::1.tion ;::t::::::::e:;:::; the propo::.rty -::-f its t.rue nEtrte.t v�:::tlue and c:-11e<t tl:.s- prcper t:c:-~ thereon_= WHl;REFORE_. r�r�� a.nd in .1..:* 1)-.- '-- '-- '.,�,-,1�1 f" �-- ,--li 1-.:.=- :.t-.;:!.-v,..�....l�-;.,..---�..�,u, �._�=,� l..il.J.-.+... -- ..... _ .��a1.","S,. ~!.~--!1.....��:-.� ~-.:.t1-t1- ::<;f�:.rd;:J!K& v,rith hJ'/.~. tlw' ~::ame is hereby GRANTED P ;�-:�:�.-.�:.�r-r-��,�(-�i1-l�r-"l.�P. .t-lt..r J. ~ Cert.ific:::;t.::. in tl"le amount of F5:C).}.2 94.00. repre::en.t.ing .Jocument=.u-y of 125

DECISION - -7 - C. T.A_ CASE MO. 4820 Q~& . G_vM,__ SO ORDERED. ERNESTO D. ACOSTA WE CONCUR: ��11' P�� TJ ~ l U�.�':.:_-11' '�. !"lC~=" J 1 � t.l�C;i~,::�:--. I I CERTIFICATION -�-t� r-� .-..- t< \..�...\-A...f. --:-.�.1_'1l!1._.._:1-. ���t"� .-:-1.1�-1.-1'�.---.'1-1:,-:.:-. r�..'I-l.>.:�". �=� l..u,.>, :.�"-. t.."I"ll'�.� J-~i�� -. \_J +~-. ,�. (� <.......!U, .�!. !�-.� .-.; T ., �- i..!;"1r�/ L-. i 1-1 J. �:1..,�;_ "1'--' ! �.-llt:' -�. '-.Jl ..'t::'�Jl-:� � d--�.._-...,-_...<-..�J-P.-.�4o.:-'lt�l�'-..--'.=�-".. TI�'"T1�t..l�.H�. ,�:::.">.~:"\.....t.-1,�.�_.1.>..!. "1._::�., r'�.r�'-t.'l ..�_:1e� "vTI r11T (-) f t_'�.ne� u�r� 1--_-~.\)�d� ':-.+d-l_'L._1;,:_'-.�' 1. <2~Q. ~ ERNESTO D. ACOSTA 126