CTA Case No. 3048 (Resolution)

ltltPUBLJC OJ' TB& PRILIPPINU COURT OF TAX APPEALS OCJtZON CITY Ml~I PHILIL. D~:::.S 1 LJC. ( 3R .PCH) 1 Petit.:.one:.-1 - v ersus C � T � : � � C.� .._ :; l .J � 3 0 4 8 THL CC!ll�H.S.:... IOYFq_ REV:2~~L;= I Res>JoncE.r.t . X- - - - - - - - - - - - - - X n E S 0 I UT I CN .:.,.ctin~ on the: 111'-1otion To .a thdrc::.w ::?eti tion For Reviewu filed by counsel for _pet:.i tioner on l1ay 13, 1981, alleging thdt: ul . On Apr il 30 1 1980 1 petitioner, as per letter dated Apr il 29~ 1980 1 proposed a compromlse agreement to res- pondent setting forth therein the terms and conditions for the settlement of its tax liabi~ities for fiscal years 19 7 2 through 1979. A copy of said ;ro~osed comp romise agreement is a ttached hereto and made an integral part hereof as Annex �A'. 't2 . As per letter dc:.ted JuJ.y 28, 1980, res~onoent acceotcd the ~rcposals set forth in sa id Annex ' A' uuthc J::- izing peti ticner to pay the sum of ~1 , 229 ,275 in six (6) equal monthly inst~llments of P204 ,87 9 .16 each, and requiring petitioner to make three (3) payments repre3enting the cdjusted withholding t2x 3t source f or 1977, 1978, and 1979 . A copy of aforesaid letter is attached hereto and made an integral part hereof as Annex ' E'. lt3. Included in the C0~<1p rorrise agree - ment is the deficiency income tax assess- ment in the amount of ~615 , 337 . 00 anc de - ficiency withholding tax assessment in the amount of F l,433,144.00 appearing as item number 1 on page 1 of Annex 1 B'.

!~..:::;._: _ TTT:r ..~ _ CT!->. C.~~ ! � 3048 - 2- n4:. In co:-rr~.-:-lic>nce with t~1e terms c:nd conditions afcresaid ~nex ' B ' pctit~oner made t~e following paym~nts: Revenue CB Confir- Dc:te of Payrrent l\mount Tax Receipt mation Receipt I'1ay 15, lq80 1204,879.16 4561885 4671 771 June 13, 1980 204 , 879 .16 4572940 5264911 is July 1.5 lg8o 204,879 .16 54180?5 53~5 7 32 296 ,37 3 .1 6 5059153 August 1 1980 4 777 932 5399443 September 1, 1980 89, 81 . 00 478 7 498 3645398 4750565 SeptCJuber 15, 1980 204, 879.1 6 569 ~352 4757272 SeptGmbc:::: 30 1 1980 98,705.00 569 7179 October 15, 1980 204 , 879 .16 5/.56553 Copies of 2for~sa i d Revenue Tax Receipts and Central Ban Confirmation Receints are cttachcd hereto and made !ntegra l parts hereof ~s fol ows : Revenue Tax Receipt Annex CB Confirmaticn Rece 'Et Annex 4564885 ICI 4671771 'C-1 1 4572940 ' DI 5264911 ' D-1 1 5418025 'E I 539S732 ' E-1 1 5059153 'F I 5399443 ' F-1 ' 4777932 ' G' 3645398 1 G-l� 4787498 I HI 5696352 ' H-1 ' 4750565 II ' S697179 'I-l ' 4757 27 2 IJ I 5 256553 ' J-1 ' 11 5. By r.eascn of the -::Love- mentioned payments in c omp li2.1-.ce wit1�l thE. te::-rrs and cond:!.tions of Annex 1 8 1 1 the res ron~ent ' s assessment sub j e ct of the e>bove- entitled case has b een e�tiLguished by accomplishment -=1 C. consurrm2.tior�� 11 AS PRAY~D FOR , and i�Ti thout objection on the part o f res ponde nt, the said mcticn is her~by GR~T=D . Letthe petit i on for review be ccnsi ~e red with- drawn and this c ase deemed closed and terminated. SO 0�J)ERED. Quezon City, May 29, 1981. ~cw-VU ~ AVJ.?.NTE F Presiding /