Examination of the Books of Accounts of a Taxpayer

April 20, 1960 BIR RULING NO. 209-60 The Philippine Free Press FREE PRESS BUILDING 708 Rizal Avenue M a n i l a Attention : Information Department Gentlemen : Hereunder is our answer to the query of Mr. Cresente Zambrano which you have requested us to furnish you. As a rule, this Office examines the books of accounts of a taxpayer only once for each taxable period. However, there is no prohibition on the subsequent examination of these books if and when, in the opinion of the Bureau, the circumstances of the case warrant further examination. Hence, books of accounts previously examined may again be examined. In the examination of these books, reference to the other books pertaining to the five-year period immediately preceding the examination can also be done. There is no technical denomination of the re-examination of books of accounts. As requested the basic inquiry is returned herewith. Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue