BIR Ruling [UN-243-95]
BIR Ruling [UN-243-95] • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Jul 3, 1995
Full text
July 3, 1995 BIR RULING [UN-243-95] SGV & Co. 6760 Ayala Avenue Makati, Metro Manila Attention: Mr . E . C . Alcantara Tax Division Gentlemen : In connection with the internal revenue tax case of your client, Orient Pacific Capital Investment Corporation (now Citytrust Investment Philippines, Inc.) involving the amounts of P1,944,224.68 and P767,734.00 representing deficiency income and documentary stamp taxes, respectively for the year 1979, please be informed that the said assessment has been withdrawn and cancelled pursuant to the Memorandum-decision of the Chief, Law Division bearing No. UN-066-95 dated February 14, 1995 duly approved by the Commissioner. Accordingly, the Warrants of Garnishment No. NA-3924-90 as well as the Warrant of Distraint and Levy issued against the bank account and properties of your client are hereby lifted. You may, therefore, consider the aforesaid case closed and terminated. Very truly yours, LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue By: ALICIA P. CLEMENO Assistant Commissioner (Legal Service)
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