8/9/2019 Atlas Consolidated Mining Devt Corp

1/1

ATLAS CONSOLIDATED MINING DEVT CORP.

vs.

COMMISIONER OF INTERNAL REVENUE

FACTS:

Petitioner corporation a VAT!re"istere# ta$pa%er en"a"e# in &inin" pro#'ction an# sa(e o)

vario's &inera( pro#'cts )i(e# c(ai&s *it+ t+e ,IR )or re)'n#-cre#it o) inp't VAT on its p'rc+ases o) capita(

"oo#s an# on its ero!rate# sa(es in t+e ta$a/(e 0'arters o) t+e %ears 1223 an# 1224. ,IR #i# not

i&&e#iate(% act on t+e &atter pro&ptin" t+e petitioner to )i(e a petition )or revie* /e)ore t+e CTA. T+e

(atter #enie# t+e c(ai&s on t+e "ro'n#s t+at )or ero!ratin" to app(% 536 o) t+e co&pan%7s sa(es &'st

consists o) e$ports t+at t+e sa&e *ere not )i(e# *it+in t+e 4!%ear prescriptive perio# 8t+e c(ai& )or 1224

0'arter(% ret'rns *ere 9'#icia((% )i(e# on(% on Apri( 43 122; an# t+at petitioner )ai(e# to s'/&it s'/stantia(

evi#ence to s'pport its c(ai& )or re)'n#-cre#it.

T+e petitioner on t+e ot+er +an# conten#s t+at CTA )ai(e# to consi#er t+e )o((o*in": sa(es to

PASAR an# P t+e 4!%ear prescriptive perio# s+o'(#

/e co'nte# )ro& t+e #ate o) )i(in" o) t+e (ast a#9'st&ent ret'rn *+ic+ *as Apri( 1? 122@ an# not on ever%en# o) t+e app(ica/(e 0'arters> an# t+at t+e certi)ication o) t+e in#epen#ent CPA attestin" to t+e

correctness o) t+e contents o) t+e s'&&ar% o) s'pp(iers invoices or receipts e$a&ine# eva('ate# an#

a'#ite# /% sai# CPA s+o'(# s'/stantiate its c(ai&s.

ISSUE:

B+et+er or not petitioner can c(ai& )or VAT re)'n#-cre#it.