BIR Ruling [UN-085-95]
BIR Ruling [UN-085-95] • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Mar 2, 1995
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March 2, 1995 BIR RULING [UN-085-95] Sycip, Gorres Velayo & Co. 6760 Ayala Avenue, Makati Metro Manila Attention: Atty . J . A . Osana Gentlemen : In connection with the proposed assessment against your client, the Chase Manhattan Bank, N. A. involving the amount of P37,935,013.18 representing deficiency gross onshore tax for the year 1990, 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 your client is not liable to the payment of said assessment. Accordingly, the said assessment is hereby withdrawn and cancelled and this case considered closed. Very truly yours, LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue
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