G.R. No. L-28896 - Commissioner of Internal Revenue vs. Algue, Inc.

Commissioner of Internal Revenue vs. Algue, Inc.

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Title Supreme Court: Commissioner of Internal Revenue vs. Algue, Inc.

Case: G.R. No. L-28896

Decision Date: Feb 17, 1988

Algue, Inc. contested a P83,183.85 tax assessment, claiming P75,000 as legitimate promotional fees. The Court ruled the appeal timely and the deduction valid, affirming the fees as ordinary and necessary business expenses.

taxation

income tax

deduction

Short 11 min

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