Practice question
A genuine disclosed investment meets every legal condition for an available incentive. Explain why tax-saving motivation is insufficient to condemn it, while preserving review of whether the conditions were actually satisfied.
Legal references
- CIR v. Estate of Benigno P. Toda, Jr., G.R. No. 147188, September 14, 2004, main decision: https://lawphil.net/judjuris/juri2004/sep2004/gr_147188_2004.html
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