Madrigal vs rafferty case digest
WebThere is a clear distinction between an extraordinary cash dividend, no matter when earned, and stock dividends declared, as in the present case. The one is a disbursement to the stockholder of accumulated earnings, and the corporation at once parts irrevocably with all... interest thereon. The other involves no disbursement by the corporation. WebCASE: Madrigal v. Rafferty, 38 Phil 14 G. No. L-12287, August 7, 1918. DOCTRINE: The essential difference between capital and income is that capital is a fund; income is a flow. A fund of property existing at an instant of time is called capital. A flow of services rendered by that capital by the payment of money from it or any other benefit ...
Madrigal vs rafferty case digest
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Web• Madrigal paid under protest, and the couple decided to recover the sum of P3,786.08 alleged to have been wrongfully and illegally assessed and collected by the CIR. ISSUE: … WebJun 26, 2024 · Tax Case Digest: ANPC v. BIR,G.R. No. 228539, June 26, 2024 Association of Non-Profit Clubs, Inc. v. Bureau of Internal Revenue G.R. No. 228539, June 26, 2024 Second Division Perlas-Bernabe, J.: Lessons Applicable: doctrine of hierarchy of courts, rule-making authority of BIR Laws Applicable: RMC No. 35-2012 FACTS:
Web1. Mrs. Macomber owned 2,200 share of Standard Oil Company of California stock. 2. In January, 1916, the company declared a stock dividend and Mrs. Macomber received an additional 1,100 shares of stock. Of these shares, 198.77 shares, par value $19,877, represented surplus earned by the company after March 1, 1913. 3. WebCase Digests Submitted by: TULIAO, Maria Athena E. 4 DLM Submitted to. Atty. Cardona 1. Madrigal v. Rafferty 38 Phil. 414, August 7, 1918 FACTS: Vicente Madrigal and Susana Paterno legally contracted marriage prior toJanuary 1, 1914 under the provisions of law concerning conjugal partnerships. On February
WebAug 19, 2024 · VICENTE MADRIGAL and his wife, SUSANA PATERNO, plaintiffs-appellants vs. JAMES J. RAFFERTY, Collector of Internal Revenue, and VENANCIO CONCEPCION, Deputy Collector of Internal Revenue defendants-appellees. FACTS: Vicente Madrigal and Susana Paterno were legally married prior to January 1, 1914. WebMadrigal vs. Rafferty, 38 Phil. 414..... G. No. L-12287 August 7, 1918 VICENTE MADRIGAL and his wife, SUSANA PATERNO, plaintiffs-appellants, vs. JAMES J. RAFFERTY, Collector …
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WebTax 2 Case Digests Complete.docx. Tax 2 Case Digests Complete.docx. Tax 2 Case Digests Complete.docx. Atty. Nolaida Aguirre. Taxation Law 2; Remedies. See Full PDF Download PDF. monachem incWebSep 8, 2015 · 166245650 case-digest homeworkping8 • 48 views ... Rule-Making Power TITLE : MAdrigal vs Rafferty, 38 Phil 414 G.R. No. L- 12287 August7,1918 FACTS : Vicente Madrigal and Susana Paterno legally contracted marriage prior to January 1, 1914 under the provisions of law concerning conjugal partnerships (sociedad de gananciales). ... ian petri weser-petrolWebMadrigal vs. Rafferty, G.R. No. L-12287, 7 August 1918. FACTS: • Vicente Madrigal and Susana Paterno were legally married prior to Januray 1, 1914. ... 4SBCE J Bernabe Case Digests 11082024. 4SBCE J Bernabe Case Digests 11082024. Florence Rosete. Gertrude Welch Morris v. United States of America, Verna D. Morris v. mona cherche sa routeWebVicente Madrigal and Susana Paterno were married with Conjugal Partnership as their property relations.Vicente filed his 1914 income tax return but later claimed a refund on … ian pethickWebPhilippine Supreme Court Jurisprudence > Year 1918 > August 1918 Decisions > G.R. No. 12287 August 7, 1918 - VICENTE MADRIGAL, ET AL. v. JAMES J. RAFFERTY 038 Phil 414: EN BANC [G.R. No. 12287. August 7, 1918. ... STATEMENT OF THE CASE Vicente Madrigal and Susana Paterno Were legally married prior to January 1, 1914. The marriage was … ian petras coinburpWebIt must be admitted that poultry, eggs, pigs, and other ordinary produce of farm and country are agricultural products within the meaning of the statute; and no sufficient reason is discernible for excluding fish produced under the conditions revealed in this case. CARSON, J., dissenting: I dissent. ian pettigrew kingfisherWebAnswer: Yes. Conclusion: The Court held that by treating the dividends as income, defendant failed to appraise correctly the force of the term "income" as the mere issue of a stock dividend made plaintiff no richer than before. monache mountain