This case has been cited 1 times or more.
|
2003-11-25 |
PANGANIBAN, J. |
||||
| A revenue regulation is binding on the courts as long as the procedure fixed for its promulgation is followed. Even if the courts may not be in agreement with its stated policy or innate wisdom, it is nonetheless valid, provided that its scope is within the statutory authority or standard granted by the legislature.[38] Specifically, the regulation must (1) be germane to the object and purpose of the law;[39] (2) not contradict, but conform to, the standards the law prescribes;[40] and (3) be issued for the sole purpose of carrying into effect the general provisions of our tax laws. [41] | |||||