cta_decision CTA Case No. 16641664 1969-12-27

CTA Case No. 1664 (Decision)

- - -- �� Uo:PU~UC OJ' THE PHILIPPINEI COURT 0 TAX APPEALI QVEZON CITY - ... ,.~ " � 0 0 � r ., 1 �ro l5 , 407

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� B r ~ .e. ) ~-"'l tUJ �t~l qte4 s rplg � of 31, 195?. (f. � 1, Pv� 4- 1, ~- and ar�il l.c ba .., :wotl t. c.r:~ rJt(,�! t# ef t 1n l.'.:t1v1d� of "<L":' ,. ;~ .� 0 inclu~ i � ~c~ or ,~ ocnllnt e . . a..:.,1~ ti~g a �avi n~�" .Acco rat ~no Ct.tl' ~~lft :c,.... co�m � w1 h ~~ll'-f ~ � ' ~.:l' � ertc "f ~be ..,u.~t..i::nt ecou �t �'-�..etc .ro.r... ,~l .;,d..~~-:.>... it:t u.-. Ia:u~.i\l't!~ t. ott � O~ln@ at ~~~ ;en:� we.~ wOili�.::.:l ~'~ ;l;j..�ce . ~ t tt!tU.t .� s 0: d. to "t tior~l l.O~iJlS wEU:' II' Jr t.t-'1 ' if & SUCC~6Q1t'F $~$ - 00 . 00 11~ 1959 t" J ~ , JGv . tl S l ....,. to ~l tl:�~~] t o ~ x '4tfiS iO�tl c:l' t lu b 1%le B ~ r 1 en and t h l"e wer .o ou -::�tauo1n '� t;)cbli&3tia n~ 412

, t 1 n .. " or nc r.; l ... /lit t. ;> _t; lt~ r I n:t Q f' 19)7 1~ qo a � '..U.'- t ~ no t... j, ~ �~ "'vtl "'! t .r t$J~ t 0 . (p 0' oi f'Vl ' Q ... 1 0 1 .- 413

� .,. .,. t >f' r t'" ,. �� 1" , . ,. 1-�' l - t.~ f) liJ - .. ~ � t 0 .l,. - "1: ~4- ' '- 4,.1(} t . _; .... ~tt'! h�n 'l �� 1 t.O ! � ,) � .o . d -y ... .t .'L.t.a ,.... ~ta r .t � t-tl L st~ tte .l s ',P':'>Il :t en irh ~ ..:. t t. ~ de:tlc; cl 414

- t � or . �ol. or ;. t e i. ... I- n � o 11 416

' o;f a Ot(JOf cr t @. 1 ~~ ld ~- .... ' r ob" po~ (;! C'ht ""lllt-1 i i""'nl.f .. :r" . ....!.>��f.:t~"'' thG "nui 1" t� tl� t �(ttd.b ~\1 rro~ ..! 7,/'i ~� .. . ' \.� p:ri c pat1 �un J."'Ot: t':lf9'1m:r, ...... $t� l� i a~1} ..~yal , ~nn., 1~ �1.1 !' U.ra.atiA "~ tJmt f tie '( $k'tso i ".lt~:Jt.. l.t"'~ ~l t1 t e or to 99lsr ()i' 'W&$ v� t:L. mte>li ' tt:..lll: ~et!th;>t\ r"'e :;.J;11tY''l """ t .ion �� !lt-rtl u;on. tbe $X. t:tt�r ~n~ ~ee:S.lf~ 1J!H1;t~(~f' o"C ~1ot t e 418

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No.. 1 � ... t ls .r 1 avoid :X 0 (t $0 1~ . t t-l~t t IJ � 1ft . S io \ v t tl cr~ .ton. . t.n . h~, in� . i :an� io rt t1f' 419

&co � tton cr pl�ott t be �ond he. 'e ou bl aeeu .ut lt 1~ ., . 'tl:Pr fa .. tt;)l" tb.l't ~t.andSl o:at to �eta>~' � u a a - b.t $ ul t �fl of r trws p titian r 1.$ , ll f � t H1t �. $ 1n a, � � nt\ml a ' ttr!ts e:t� ;:t:t~nda!d to � :t,.. ~tJt'flo � :n<:t tb 1otel'es ts J<�oa 'lfl not, col... � of o p.rc . b 1~. . of ~-e t tr o t~ cc u;l tlon . t . p~, � by ta e porutt �J'l ( '.ol . 7, -er , ot t:W'IliW.~ frc t1on, ~e~ 39. 34, 1 56 �4.}-, ap �o �t) t <b> ca o wb.er ~c lOattl w r~ .ra~t:e ' � tt I' ~ee ding �e.ar. ~1 ttor 195?. f<"' tltiona~� � at . t o l.o. n were .&,rt~Z~.n~d to � tr ni; h . the. f'1t'1Ancial pa 1- tto of ttls orpot 1 , l a 'bU$irJ.G a of' l � al ~n tl1c. lld1n,, onlrt ~. '�t wort. ot 't� .;;.,. .l,. 5'ft a and ~ ~1 a"" or � 1.3l,~lf.5?1 a � l fJ: Qt:tt.tst n:!tng Gb lt:�tte � � o � t t� th ...;..e c. , f � 11� ar:d ron&ll'� ...uJ ~~s t t't t uunh t"-cd �el"a � 't reaso bl, $ ed :in i b � s1.ts#IL :r . ~~ � b ;,U.ght �al ttsa. :aLove , \!� t\ �ree ltri th th.$ :ra- alllt ~- o ~ r- ponotnlt that tb~ ccnmu atl.tln ot t .J.c 1 'f} . 'P fit p t/J.li~tlU n elt~(a s �� r tb re son- 420

of 0,�'� tt ~�l:"pc;;s.n '::it C>f:!ll~ ~\~'h&t.. ;th~ 1i'll,POiJlt1e.ti of � .~" LO l~ t �� �'pQu i. :.~ .t"' &~ol{o.r~, ttl Il~d ...ti..onal t~it u14 b ~.,..i!J �"" t'i&. � ~on 1 t. ( �~ 't'�Q � ue~~ t. r ~s I .cQ t~t� b~.J5 ts or tu tot. l tiiJt: l&t ;:. ! ,. \l.U.~~ tiot!, . e <id5;rce ,.~. t:b ~ �tu:.po. :~~~ut hQt ' i ~l.t~J...;:iy � ,.,.,rf3;t.l ~.ea b;/ til ... 1 eci""�iotl (;! t\J.f.!;. . olv �1 wo .td o �.llJ r-ea.S�.tt~;tbl.Y n ~C\1~ . J?Y �) In t.. t ca , ttt t;.'-l;P yet' ~""' tilii r ~ih-,<$ e '!.,1) Jta ion o! tb$ ' � te:c on til 421

. �, .1.�'1(~.. ... 1. l'l ,. oe } .~ :t~ ! " A J .� a ta1 t � ' l 1 .r1 J J; V1' .. )0 c . ��J � c t ., 1 )L~~- J ~ :-t.l . ;'>.;. �0 i .r-r J rts . ~�~) �1r~ ~ t1 ~. 422

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