BIR Ruling [UN-010-A-95]

January 4, 1995 BIR RULING [UN-010-A-95] Bellevue Properties, Inc. Second Floor, W &W Bldg. 106 Aguirre St., Legaspi Village Makati, Metro Manila Gentlemen : In connection with your internal revenue tax case involving the amount of P2,322,667.78 and P7,932.50 representing deficiency income tax and deficiency documentary stamp tax for the year 1988, please be informed that after a careful study of the facts of this case and the law pertinent thereto, this Office has finally resolved and hereby holds that you are not liable to the payment of said assessments. Accordingly, the said assessments are hereby withdrawn and cancelled and this case considered closed. The warrant of distraint and levy dated November 27, 1992 and served on you on January 19, 1993 is hereby lifted. cdtech Very truly yours, LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue