Penalty Imposed for Failure to Attach the Required Balance Sheets and Profit and Loss Statements in the ITR
BIR Ruling No. 189-58 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Mar 17, 1958
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March 17, 1958 BIR RULING NO. 189-58 3rd Indorsement Respectfully returned to the Regional Director, Regional District No. 3, Manila, the herein papers bearing on the case of Mr. Teo Tian Chay. For the failure of Mr. Teo Tian Chay to accompany his income tax return for the year 1955 with balance sheets and profit and loss statements, he is liable to a compromise penalty of P40.00 pursuant to General Circular No. A-236. (SGD.) JOSE ARAAS Commissioner of Internal Revenue
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