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Gatchalian v. CIR: Partnership Taxation Case by fred is a document available to read on EtoBox.

The plaintiffs each contributed to purchase a sweepstakes ticket that won a P50,000 third prize. They claimed the prize as a partnership under the name Jose Gatchalian & Company. The Commissioner of Internal Revenue assessed income tax on the winnings, which the plaintiffs paid under protest, arguing they were exempt. The Supreme Court held that the plaintiffs had formed a partnership under civil law by pooling money to purchase the ticket and divide any winnings. As a partnership entity, it was subject to

Author

fred

Language

EN