CITY OF DAVAO AND BELLA LINDA N. TANJILI, IN HER OFFICIAL CAPACITY AS CITY TREASURER OF DAVAO CITY, PETITIONERS , VS. ARC INVESTORS, INC., RESPONDENT .
- G.R. Number: G.R. No. 249668
- Promulgated: 2022-07-13
- Ponente: INTING, J.
Keywords
Section 133(a) RA 7160, Section 143(f) LGC, Section 151 LGC, Section 27(D) RA 8424, Section 131(e) LGC, Section 131(n) LGC, CIIF block of SMC shares as government-owned funds, Distinction between a holding company and a financial intermediary, Local Business Tax (LBT) assessment, Non-Bank Financial Intermediary (NBFI) definition, Taxation of dividends and interests, Petition for Review on Certiorari, Gross receipts, Quasi-banking functions, Holding company, Financial intermediary, Doing business, Passive investment income, Petition denied, Assessment cancelled