Can I read Tax Deficiency Case CTA No. 6204 Decision on EtoBox?

Tax Deficiency Case CTA No. 6204 Decision by Mary Fatima Berongoy is a document available to read on EtoBox.

What is Tax Deficiency Case CTA No. 6204 Decision about?

1) Kasamahan Real TV Development Corporation (now known as STAG Trading Corporation) was assessed deficiency income taxes of P15,096,873.97 for tax year 1994 by the Commissioner of Internal Revenue based on an audit. 2) The audit found several issues: understatement of gain from land sale, lack of proof of payments for salaries/wages and expenses, and failure to capitalize interest expense. 3) Most significant was treating the exchange of shares for land as a taxable sale, resulting in additional gain o

Author

Mary Fatima Berongoy

Language

EN