CTA Case No. 10 (Decision)

I R.El'Ul:sLI C OF THE PHILIPPINES COURT OF TAX APPEALS . MANILA -1 .....-.....-. . ! � � ..._.i � - c- T c 11 183

� � 2� '- � � () per cent ���������������� 7, 184

� 19, � J ly 185 /

� � ' � � �� �� .

IIIIi� � ,f if � t 1 t f�. or ll r r i e I ad .. � XC 0 r ax credit 1 t v�l i pOlO\: t: th fu d so , i I' � tt t $ y eti n t tn p el i. fo r p ~t sh l h w � 9t C- ur or �t' t t ... l.gh t r f�.m he j.n � I s ti � � ho � e t i l ~hou h t nn t i t � Ut iv 'I t� t n func� tr o. y 0 it! ...1 t i'-.l � ~ �:>r.r I' ~r ...7':1 vf a co nt n er e for Xi ditin 0 p y X to �c 1t r� p r i' 187

�o. W JiHi..�.&IJ.fON - � c1 � 10 � rp s o l y n . in t � t rmin tien f tax & t . nd .n.u:: a h nt w 6 not ub ~t t ta-;}{t. � � t or UJ:pos $. of taxation, ho ev � it .t , as .leg 1 entity, wh.te t 1 y � ua fr .ar. y of its d *� x1" ~ ce o p rson lJ.ty ot of � � at i11�� � ha of th U iv~rfi.ity of ;;;>t. � .ln 191, t t pt � ot 1 i 4�')., �t�rnal �

-7 ' ' - y y r f c $ � i- u � c ri - 1f l 18 9 ,, '1

1 -. y 1 _l 1. y i. p li h y i I t� n nzin � � 1" vie '-� c a in r.~ ls � c1 i ... .:j � 1n �� O:t llet 1y l ati l � 19 0 ., l

� -- � � 1 � � � r c - � r � ? 191

... 1 - � 0 � � 0 t '~ i' 19 2

, .. ' � t

r i _ , .... � �l ~� i1 19 4

-1 � 195