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Download - Catholic Educational Association of the Philippines

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TAX EXEMPTION<br />

a grant <strong>of</strong> immunity, express<br />

or implied to particular<br />

persons or corporations<br />

from <strong>the</strong> obligation to pay<br />

taxes. (51 Am. Jur. 503)<br />

CEAP SMX NATIONAL<br />

ASSEMBLY 083012<br />

192

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