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Tax Ruling on Capital Gains Liability by Chivor Lastimosa is a document available to read on EtoBox.

What is Tax Ruling on Capital Gains Liability about?

The document is a decision from the Court of Tax Appeals regarding a petition filed by Universal Molasses Corporation (Petitioner) seeking reversal of a ruling by the Bureau of Internal Revenue (Respondent) requiring payment of surcharges and interest for alleged late payment of capital gains tax from the sale of shares of stock. The Court of Tax Appeals ruled in favor of the Petitioner, finding that the 30-day period to pay the capital gains tax should commence on December 6, 1996, when the legality of the

Author

Chivor Lastimosa

Language

EN