V. On March 30, 2016, XL Co. filed an administrative claim for refund of unutilized input VAT for taxable year 2014, together with supporting documents. XL Co. claimed that its sale of generated power and delivery of electric capacity and energy was VAT zero-rated. Due to the inaction of the Commissioner of Internal Revenue (CIR), XL Co. filed with the Court of Tax Appeals (CTA) the following judicial claims for refund: Period Covered Date Filed 1st Quarter of 2014 March 31, 2016 2nd Quarter of 2014 June 30, 2016 3rd and 4th Quarter of 2014 August 12, 2016 Is XL Co.'s claim for VAT refund timely filed? Explain your answer. (5%)