This case has been cited 2 times or more.
|
2015-09-01 |
BERSAMIN, J. |
||||
| Chevron sold and delivered petroleum products to CDC in the period from August 2007 to December 2007.[5] Chevron did not pass on to CDC the excise taxes paid on the importation of the petroleum products sold to CDC in taxable year 2007;[6] hence, on June 26, 2009, it filed an administrative claim for tax refund or issuance of tax credit certificate in the amount of P6,542,400.00.[7] Considering that respondent Commissioner of Internal Revenue (CIR) did not act on the administrative claim for tax refund or tax credit, Chevron elevated its claim to the CTA by petition for review on June 29, 2009.[8] The case, docketed as CTA Case No. 7939, was raffled to the CTA's First Division. | |||||
|
2012-02-07 |
SERENO, J. |
||||
| Petitioner claims that the constitutional duty of COA includes the duty to conduct pre-audit. A pre-audit is an examination of financial transactions before their consumption or payment.[17] It seeks to determine whether the following conditions are present: (1) the proposed expenditure complies with an appropriation law or other specific statutory authority; (2) sufficient funds are available for the purpose; (3) the proposed expenditure is not unreasonable or extravagant, and the unexpended balance of appropriations to which it will be charged is sufficient to cover the entire amount of the expenditure; and (4) the transaction is approved by the proper authority and the claim is duly supported by authentic underlying evidence.[18] It could, among others, identify government agency transactions that are suspicious on their face prior to their implementation and prior to the disbursement of funds. | |||||