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What is Tax Deduction Dispute: Algue, Inc. Case about?

1) Algue, Inc. was assessed delinquent income taxes of PHP75,000 for 1958-1959 by the Commissioner of Internal Revenue (CIR). Algue filed a petition with the Court of Tax Appeals (CTA) which ruled in its favor, finding the payment was for legitimate services. 2) The CIR appealed to the Supreme Court, arguing the deduction was not an ordinary business expense. However, the Court found Algue had legitimately paid the amount and the CIR

Author

Jayson Ababa

Language

EN