Year: 2024

Title: **Basilan Estates, Inc. vs. Commissioner of Internal Revenue and Court of Tax Appeals** Facts: Basilan Estates, Inc., a Philippine corporation engaged in the coconut industry, filed its 1953 income tax returns on March 24, 1954, paying an income tax of ₱8,028. On February 26, 1959, based on an examiner’s report, the Commissioner of Internal…

**Title:** Aznar v. Court of Tax Appeals **Facts:** 1. Matias H. Aznar, a resident of Cebu City, filed his income tax returns for the years 1945 to 1951, reporting his income on a cash and disbursement basis. 2. The Bureau of Internal Revenue (BIR) doubted the veracity of Aznar’s reported income and assigned BIR Examiner…

Title: Department of Finance and Bureau of Internal Revenue vs. Asia United Bank et al. Facts: On March 15, 2011, the Department of Finance (DOF), through the Secretary of Finance (SOF), issued Revenue Regulations No. (RR) 4-2011. This regulation prescribed rules for the proper allocation of costs and expenses among income earnings of banks and…

Title: **Planters Development Bank vs. Spouses Lopez, Res. by Joven, et al.** Facts: In 1983, Spouses Ernesto and Florentina Lopez secured a P3,000,000.00 real estate loan from Planters Development Bank (Planters Bank) to construct a four-story dormitory, backed by a parcel of land. Originally for 14 years at 21% p.a. interest, the agreement was amended…

### Title: Madarang and Bartolome v. Spouses Morales ### Facts: 1. **Initial Complaint**: – **January 9, 2001**: Spouses Jesus and Carolina Morales filed a complaint for judicial foreclosure of a house and lot in Bago Bantay, Quezon City, against Juliet Vitug Madarang and others (defendants, including Rodolfo, Ruby Anne, and Romeo Bartolome). – **Allegation**: Spouses…

**Title:** Philippine Wireless, Inc. and Republic Telecommunications, Inc. vs. Optimum Development Bank (formerly Capitol Development Bank), G.R. No. 206848 **Facts:** 1. **Initial Agreements:** – In August 1997, Philippine Wireless, Inc. (PWI) secured a P20,000,000.00 credit facility from Capitol Development Bank (Capitol), guaranteed by Republic Telecommunications, Inc. (RETELCO). 2. **Loan Transactions:** – On September 11, 1997,…

**Title:** Metropolitan Bank and Trust Company v. S.F. Naguiat Enterprises, Inc. (G.R. No. 94968, June 14, 2007) **Facts:** 1. **Loan and Mortgage Agreement:** In April 1997, Spouses Rommel Naguiat and Celestina Naguiat, along with S.F. Naguiat Enterprises, Inc., secured credit accommodations of P17 million from Metropolitan Bank and Trust Company (Metrobank) by mortgaging properties covered…

**Title:** Hilario Ramirez and Valentina Bonifacio vs. Court of Appeals, et al. **Facts:** 1. On September 15, 1959, Hilario Ramirez and Valentina Bonifacio filed an application for registration of a parcel of rice land in Pamplona, Las Piñas, Rizal. 2. After notice and publication, no opposition to the application was registered, leading to an order…

### Title Philippine National Bank vs. Court of Appeals, Spouses Antonio So Hu and Soledad Del Rosario, and Spouses Mateo Cruz and Carlita Ronquillo ### Facts 1. **Spouses Mateo Cruz and Carlita Ronquillo Ownership (1957):** – The Spouses Cruz owned a parcel of land in Cabanatuan City, covered by Transfer Certificate of Title (TCT) No.…

**Title: Eulalio Prudencio and Elisa T. Prudencio vs. The Philippine National Bank et al.** **Facts:** 1. **Initial Mortgage** – Eulalio and Elisa Prudencio were the registered owners of a parcel of land in Sampaloc, Manila, covered by T.C.T. 35161, which they mortgaged to the Philippine National Bank (PNB) on October 7, 1954, to guarantee a…