This case has been cited 1 times or more.
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2004-03-23 |
QUISUMBING, J. |
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| Finance, in conjunction with the Commissioner of Internal Revenue, to promulgate needful rules and regulations for the effective enforcement of internal revenue laws cannot be controverted. Such rules and regulations, as well as administrative opinions and rulings, ordinarily deserve to be given weight and respect by the courts.[17] Second, our scrutiny of Revenue Regulations Nos. V-39 and 17-67 clearly shows that said regulations did not modify or deviate from the text of Sections 137 and 141 but merely implemented and clarified said two provisions by providing certain conditions under which stemmed leaf tobacco may be exempted from prepayment of specific tax. WHEREFORE, the petition is DENIED for lack of merit. The assailed Decision and the Resolution of the Court of Appeals in CA-G.R. SP No. 48797 are AFFIRMED. | |||||