UMC FINANCE & LEASING CORP. (formerly URBAN FINANCE & LEASING CORPORATION) v. COMMISSIONER OF INTERNAL REVENUE

REPUBLIC OF' THE PHILIPPINES COURT OF TAX APPEALS QUEZON CITY FIRST DIVISION UMC F'INANCE & LEASING C.T.A. CASE NO. 7264 CORP. (Formerly URBAN Members: FINANCE & LEASING CORPORATION), Petitioner, - versus- Acosta, Chairman Bautista, and Casanova, ./ COl\1MISSIONER OF INTERNAL Promulgated: REVENUE, IJUN 13 2007 �FJ~Pn1 Respondent. ( RESOLUTION Petitioner's "Manifestation and Motion to Withdraw Petition" filed on February 13, 2007, submitting his MCLE Certificate of Attendance for the 1st Compliance period is hereby NOTED AND GRANTED, as ordered by the Court during the hearing on June 8, 2007. WHEREFORE, the Petition for Review filed on June 3, 2005, is hereby WITHDRAWN considering the payment by petitioner of the APPROVED compromise offer of P3,382,883.00 (Annexes "C-4 to C-21, inclusive) for taxable years 1996 and 1997 equivalent to 40% of the basic tax assessed for Income Tax and Gross Tax Receipts and 100% for the Documentary Stamp Tax, Withholding

Resolution - C.T.A. Case No. 7264 Page2 Tax on Compensation and Expanded Withholding Ta'<; and the an1otmt of P522,774.16, representing the Final Tax (interest for late remittance) and the other Final Ta'< (Annex C to C-3 , inclusive), pursuant to compromise agreement entered into by the parties on October 25 , 2006 (Annex B). Accordingly, this case is considered CLOSED AND TERMINATED. SO ORDERED. ERNESTO D. ACOSTA Presiding Justice Associate Justice CAESAR A. CASANOVA Associate Justice