Ad Majorem Dei Gloriam

Exclusions: (I) Life Insurance and Return on Premium (II) Gift (III) Compensation for Injury/Sickness (IV)
Retirement Benefits (V) Miscellaneous (Foreign Govt/Govt/Prizes and Awards/Awards in Sports/13th
Month/Redemption of shares in mutual fund/Gains from sale of long term bonds)

Deductions: (I) Expenses (I) Interests (III) Taxes (IV) Losses (V) Depreciation (VI) Charitable and Other
Contributions (VII) R&D (VIII) Pension Trusts (IX) Premium Payments

Chinabank v CIR (estoppel)

ESSO standard

Diaz v Sex (Taxes v Toll Fees)

Pascual case (public purpose)