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ORO - CIRvAlgue Digest by Gerard Relucio Oro is a document available to read on EtoBox.

This case digest summarizes a tax case between the Commissioner of Internal Revenue (CIR) and Algue, Inc. The CIR informed Algue, Inc. that it owed income tax delinquencies totaling P83,183.85 for 1958-1959. Algue, Inc. claimed a P75,000 deduction for promotional fees. The CIR disallowed the deduction. The Court ruled in favor of Algue, Inc., affirming the P75,000 deduction was a legitimate business expense. The case digest discusses that taxes are necessary for a civilized society and the government provid

Author

Gerard Relucio Oro

Language

EN