Don’t tax: We’re Only Co-owners, Not Partners | Pascual and Dragon vs. CIR and CTA (1988)

PARTIES:MARIANO P. PASCUAL and RENATO P. DRAGON, petitioners, vs. THE COMMISSIONER OF INTERNAL REVENUE and COURT OF TAX APPEALS, respondents. GR No. 78133. October 18, 1988 MY TITLE:Don’t tax: We’re just co-owners, not partners MAIN ISSUE IN THIS CASE:The distinction between co-ownership and an unregistered partnership or joint venture for income tax purposes is the […]