Re-examination of Books of Accounts of Taxpayers
BIR Ruling No. 264-60 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jun 28, 1960
Full text
June 28, 1960 BIR RULING NO. 264-60 The President Cotabato Chinese Chamber of Commerce Cotabato City S i r : In answer to your queries regarding the re-examination of books of accounts of taxpayers, I have the honor to inform you as follows: As a rule, the examination of the books of accounts of taxpayers is undertaken 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. In the examination of said books whether it is for the first time or not, reference to the other books pertaining to the five-year period immediately preceding the examination can also be done in which case, the books for the said period may be examined again although they were previously examined. liblex Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.