BIR Ruling No. 266-61
BIR Ruling No. 266-61 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jun 30, 1961
Full text
June 30, 1961 BIR RULING NO. 266-61 3rd Indorsement Referred to the Regional Director, B.I.R. Regional District No. 6, Naga City, the herein papers bearing on the refund case of . . ., pursuant to Republic Act No. 2376, as implemented by General Circular No. V-294. llcd It appears after investigation that the restaurant (carinderia) in question is located on the ground floor of the taxpayer's residential house constructed along the provincial road. It is also alleged that the space utilized by the taxpayer is situated within the public market site of Gos, Camarines Sur, rented at P24.00 a month. This Office believes that from the moment the space in question was leased by the municipality to the taxpayer for residential purpose, the space was removed from the premises of the market site. Taxpayer cannot, therefore, claim exemption under the provisions of Republic Act No. 2376. cdpr
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