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Tax Assessment Case: CIR v. Next Mobile by Kristiana Leaño is a document available to read on EtoBox.

The Supreme Court ruled on whether the period for Pilmico-Mauri Foods Corp. to pay deficiency taxes had prescribed. The Court of Tax Appeals had affirmed tax assessments by the Commissioner of Internal Revenue but reduced the amount. The Supreme Court held that both parties were in bad faith - the taxpayer for benefiting from waivers of the statute of limitations but later challenging them, and the Commissioner for knowing the waivers were invalid but continuing to rely on them. As both parties acted in bad

Author

Kristiana Leaño

Language

EN