This case has been cited 2 times or more.
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2003-11-25 |
PANGANIBAN, J. |
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| Under any system of accounting, no duty or liability to pay an income tax upon a transaction arises until the taxable year in which the event constituting the condition precedent occurs.[55] The liability to pay a tax may thus arise at a certain time and the tax paid within another given time.[56] | |||||