Lawyerly

You're currently signed in as:
User

This case has been cited 2 times or more.

	GR No. 164050 2011-07-20	MERCURY DRUG CORPORATION v. CIR PEREZ, J.
Indeed, there is nothing novel in the issues raised in this petition. Our rulings in Bicolandia Drug Corporation (Formerly Elmas Drug Corporation) v. Commissioner of Internal Revenue,[13] Cagayan Valley Drug Corporation v. Commissioner of Internal Revenue,[14] and M.E. Holding Corporation v. Court of Appeals[15] operate as stare decisis[16] with respect to this legal question.
	GR No. 159610 2008-06-12	CIR v. CENTRAL LUZON DRUG CORPORATION CARPIO, J.
With the effectivity of RA 9257 on 21 March 2004, there is now a new tax treatment for senior citizens' discount granted by all covered establishments. This discount should be considered as a deductible expense from gross income and no longer as tax credit.[32] The present case, however, covers the taxable year 1997 and is thus governed by the old law, RA 7432.