This case has been cited 2 times or more.
|
2011-06-15 |
MENDOZA, J. |
||||
| In the recent case of Commissioner of Internal Revenue v. PL Management International Philippines, Inc., [22] the Court discussed the irrevocability rule of Section 76 in this wise: The predecessor provision of Section 76 of the NIRC of 1997 is Section 79 of the NIRC of 1985, which provides: | |||||
|
2011-06-15 |
MENDOZA, J. |
||||
| Inasmuch as the respondent already opted to carry over its unutilized creditable withholding tax of P1,200,000.00 to taxable year 1998, the carry-over could no longer be converted into a claim for tax refund because of the irrevocability rule provided in Section 76 of the NIRC of 1997. Thereby, the respondent became barred from claiming the refund. [Underscoring supplied] [26] | |||||