Atlas Consolidated Mining and Development Corp. v CIR; G.R. Nos. 141104 & 148763; 08 Jun 2007
FACTS: Petitioner corporation, a VAT-registered taxpayer, filed with the BIR its VAT return for the first quarter of 1992. It alleged that it likewise filed with the BIR the corresponding application for the refund/credit of its input VAT on its purchases of capital goods and on itsĀ zero-rated sales. When its application for refund/credit remained unresolved by the BIR, petitioner corporation filed on 20 April 1994 its petition for Review with the CTA. A review of the records reveal that petitioner corporation’s application for refund/credit of its input VAT for the first quarter of 1992 was not only unsigned by…