Deficiency Income Tax Cases of Mrs. Isabel Santos

November 14, 1960 BIR RULING NO. 482-60 3rd Indorsement Respectfully returned to the Revenue Operations Executive (Assessment), B.I.R., the docket of the 1954, 1956 and 1957 deficiency income tax cases of Mrs. Isabel Santos, Marikina, Rizal. It appearing that although the deficiency taxes in question correspond to the years 1954, 1956 and 1957 the same have, however, been assessed after June 20, 1959, the date Republic Act No. 2343 took effect, and it appearing further that the % monthly interest has been imposed from June 20, 1959 to the date said taxes have been assessed, the assessment regarding the imposition of such interest in the instant cases is well in accordance with paragraph 3 of General Circular No. V-318, implementing section 51 of the Tax Code as amended by Republic Act. No. 2343. cdtech P. F. LANDAS Revenue Operations Executive (Legal)