Professional Documents
Culture Documents
*
G.R. No. 143672. April 24, 2003.
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* THIRD DIVISION.
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VOL. 401, APRIL 24, 2003 547
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CORONA, J.:
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(A) Expenses.
(1) Ordinary and necessary trade, business or professional
expenses.
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4 Id., p. 24.
5 Commissioner of Internal Revenue vs. Visayan Electric Co., 23 SCRA 715
[1968].
6 Asiatic Petrolium Co. vs. Llanas, 49 Phil. 466 [1926] cited in Davao Light &
Power Co. vs. Commissioner of Customs, 44 SCRA 122 [1972].
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8 Dated June 14, 1988 Petition for Review, p. 8 citing BIR Records, pp.
198199 Rollo, p. 15.
9 Mertens, Vol. 4A 25.38 p. 190 citing Colonial Ice Cream Co., 7 BTA
154.
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