About this document

Hilado v. Collector of Internal Revenue by Ernest Levanza is a document available to read on EtoBox.

1. The petitioner claimed a deduction of P12,837.65 on his 1951 tax return for war damage not paid by the commission. The Secretary of Finance later revoked the circular allowing this deduction. 2. While the Secretary has the authority to revoke prior rulings, the claimed loss cannot be deducted in 1951 but rather should have been deducted in 1950 when the petitioner was notified no further payments would be made. 3. A prior incorrect circular cannot create vested rights and the government cannot be prev

Author

Ernest Levanza

Language

EN