BIR Ruling

July 12, 1973 1st Indorsement Returned to the Regional Director, Revenue Region No. 7, North Manila, the within docket bearing on the 1963 income tax case of L. R. Pascual & Sons, Inc., 984 Ilaya St., Tondo, Manila, involving the amount of P7,762.04, his attention being invited to our letter of even date to the Continental Bank, which is self-explanatory. He is, therefore, instructed to see to it that the Bank complies with the warrant of garnishment issued by that Office on September 8, 1972. Furthermore, since the right to collect the tax in this case will prescribe on March 15, 1964, judicial action should be instituted to enforce collection if summary remedies is found ineffective. aisadc (SGD.) MISAEL P. VERA Commissioner of Internal Revenue TAN 1601-593-5