This case has been cited 1 times or more.
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2010-06-29 |
DEL CASTILLO, J. |
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| On June 18, 1964, AEC was granted a legislative franchise under Republic Act No. (RA) 4079[2] to construct, maintain and operate an electric light, heat, and power system for the purpose of generating and distributing electric light, heat and power for sale in Angeles City, Pampanga. Pursuant to Section 3-A thereof,[3] AEC's payment of franchise tax for gross earnings from electric current sold was in lieu of all taxes, fees and assessments. | |||||