CTA upholds partial Petron excise tax refunds in twin rulings

WIRE — THE Court of Tax Appeals (CTA) En Banc upheld two First Division rulings granting Petron Corp. partial refunds of excise taxes on petroleum products sold to tax-exempt entities after denying separate appeals filed by the oil company and the Commissioner of Internal Revenue (CIR). In two separate decisions, both promulgated on July 2, the tax

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