BIR Ruling No. 426-61

October 11, 1961 BIR RULING NO. 426-61 The Philippine Iron Manufacturing Co. 1325 Magdalena St. Manila Gentlemen : Reference is made to your letter dated August 25, 1961, requesting information which of Regional District No. 3 (Manila) and Regional District No. 4 (Quezon City) has jurisdiction to examine your books of accounts. In answer thereto, I have the honor to inform you 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 at all times in his place of business, subject to inspection by any internal revenue officer, and upon demand the same must be immediately produced and submitted for inspection. Such being the case, and considering that, as represented in your letter, you are doing business and paying your taxes in Caloocan, Rizal, your place of business is in Caloocan and, therefore, you should keep your books of accounts and other accounting records therein. Accordingly, said books and records are subject to inspection or examination by internal revenue officers of Regional District No. 4. LLjur Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue