BIR Ruling No. 092-61

April 12, 1961 BIR RULING NO. 092-61 The Philippine Weaving Mills, Inc. 154-156 Sto. Domingo Ave. San Francisco del Monte Quezon City Gentlemen : Reference is made to your letter of the 8th instant, requesting information which of Regional Districts No. 3, Manila, and No. 4, Quezon City, has authority to examine your books of accounts and other accounting records. You stated that pursuant to its articles of incorporation, the principal office of that corporation is "Manila". However, all its manufacturing, selling and other transactions are conducted in Quezon City. In answer thereto, I have the honor to inform you that, based on your representations, this Office is of the opinion and so holds that as the transactions of the corporation are conducted in Quezon City, the place of business thereof is deemed to be in said city. Accordingly, and considering that pursuant to Section 20 of Revenue Regulations No. V-1, otherwise known as the Bookkeeping Regulations, the books of accounts and other accounting records of a taxpayer should be kept in his/its place of business, Regional District No. 4, Quezon City, has the authority to examine your books and other accounting records. LexLib Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue