CTA junks electric coop’s suit over P23.5-M tax assessment

CTA junks electric coop’s suit over P23.5-M tax assessment

By Benjamin Pulta (File photo) MANILA – The Court of Tax Appeals (CTA) has dismissed a petition filed by the Bukidnon II Electric Cooperative, Inc. (BUSECO) questioning a PHP23.5 million income tax assessment against it handed down by the Bureau of Internal Revenue (BIR). In a ruling dated March 25, the CTA said it has no jurisdiction to rule on the case as BUSECO “erred” in taking the case to the tax court without a final decision by revenue of…