CTA Case No. 3533 (Resolution)

ttEPUBLIC OP THE PHWPPINQ C1URT OF TAX APPEALS QIJEZON CJTY METROPOLITAN BANK Al'[} TRUST COMPANY, Petitioner, - versus - C�T�A� CASE NO � 3533 THE ACTING COMMISSIONER OF INTEHNAL REVENUE, x - - - - - - - - - - - Be~p~n9e~t! x RES0 LUTI 0 N Acting on petitioner's "Manifestation And Motion" dated October 1, 1985, stating as follows: "COMES NOW the plaintiff, through counsel, and in compliance with the Order of this Honorable Court given in open court at the hearing yesterday, September 30, 1985; to this Honorable Court res- pectfully manifests: "1� That the parties hereto have previously executed a Compromise Agreement dated July 19, 1984 with regards to the deficiency tax assess- ment by the respondent against the petitioner, sub- ject matter of the above-entitled case, copy of which Agreement is hereto attached and made an in- tegral part hereof as Annex 'A'; �~ That the petitioner has paid the compro- mise~ amount of deficiency tax liability of the petitioner pursuant to the Srhedule of Payment in the attached Annex 'A' hereo~ the proofs of pay- ment for the agreed first installment have been submitted to this Honorable Court at the hearing on March 21 , 1985 and for the agreed second and last installments at the hearing yesterday, Sep- tember 30, 1985; "3 � That considering the stipulations and covenants . in said Compromise Agreement , it is res- pectfully requested that judgment be rendered in accordance therewith in order that the parties may be bound for future tax assessments pursuant there- to. "WHEREFORE, it is respectfully prayed that a

RESOLUTION - CTA CASE NO � 3533 - 2- judgment be rendered pursu ant to the terms of the aforesaid Compromise Agreement � " and there being no objection on the part of respondent , the Court r esolved to grant the said motion and consider petitioner and r espondent to have agreed , by virtue of their compromise agreement dated July 19 , 1984 and pet - itioner ' s payment of the compromised amount , to put an end to this litigation � Ac cordingly , let the above- entitled case be consid- ered closed and terminated � SG ORDERffi � Quezon City , Metro Manila , October 15 , 1985 � AMANTE Presidi g