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Tax Refund Claim Timeliness Ruling by Jonel L. Sembrana is a document available to read on EtoBox.

What is Tax Refund Claim Timeliness Ruling about?

The CIR appealed a CTA decision granting a partial tax refund to Aichi Forging Company, arguing the refund claim was not filed within the two-year prescriptive period. The Supreme Court ruled that based on the Administrative Code, which states a year is composed of 12 months, the refund claim was timely filed on September 30, 2004 as the two-year period expired on that date, not September 29th as the CIR claimed. However, the Court reversed the CTA decision and directed dismissal because Aichi

Author

Jonel L. Sembrana

Language

EN