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1. The case involved a domestic corporation, Algue Inc., that was found delinquent in paying income taxes from 1958-1959 totaling P83,183.85. 2. Algue Inc. claimed a deduction of P75,000 for promotional fees paid to individuals for services rendered. The Commissioner of Internal Revenue disallowed this deduction. 3. The Court of Tax Appeals ruled that the P75,000 deduction was legitimate, as the fees were paid to individuals for actual services performed.

Author

emgrace

Language

EN