University Physicians Services, Inc. v CIR; G.R. No. 205955; 07 Mar 2018
FACTS: Petitioner on 16 April 2007 filed its annual Income Tax Return (ITR) for the year ended 31 December 2006 reflecting an income tax overpayment. On 14 November 2007, it filed an Annual ITR for the short fiscal year ended 31 March 2007 reflecting the income tax overpayment from the previous period as “Prior Year’s Excess Credit“. On the same date, it filed an amended Annual ITR for the short period fiscal year 31 March 2007 reflecting the removal of the amount indicated as “Prior Year’s Excess Credit“. Petitioner on 10 October 2008 filed with respondent a claim for refund…