CHINA BANKING CORPORATION v.COMMISSIONER OF INTERNAL REVENUE (Consolidated with Case No. 7076)

REPUBLIC OF THE PHILIPPINES COURT OF TAX APPEALS QUEZON CITY FIRST DIVISION CHINA BANKING CORPORATION, CTA CASE NO. 7026 Petitioner, -versus- COMMISSIONER OF INTERNAL REVENUE, Respondent. X - - - - - - - - - -- - - - - - - - - - - - - -- - - - - - - - - - - -- - - - - - -- - - - - - - - - -X CHINA BANKING CORPORATION, CTA CASE NO. 7076 Petitioner, Members: -versus- ACOSTA, Chairperson UY,and COMMISSIONER OF INTERNAL REVENUE, FABON-VICTORINO,lJ. Respondent. Promulgated: MAY 0 8 2012 ;~:v ot ..... X - - - - - - - - - -- - - - - - - - - - - - - -- - - - - - - - - - - -- - - - - - -- - - - - - - - - -X RESOLUTION During today's hearing, Atty. Anthony Fama, appeared for petitioner while Attys Christine Avellano-Francisco and Faith Farochilen, appeared for respondent. Upon manifestation and motion of petitioner's counsel, the Motion to Dismiss filed on May 3, 2012 is WITHDRAWN. On the other hand, the oral Motion to Withdraw the instant case made in open court, on the ground that petitioner availed of the abatement program of the Bureau of Internal Revenue on the deficiency assessments on gross receipts tax and documentary stamp tax on

Page 2 RESOLUTION May 8, 2012 CTA CASE NOS. 7026 & 7076 its Foreign Currency Deposit Unit (FCDU) transactions, is GRANTED, without objection from respondent's counsels. Accordingly, this case is WITHDRAWN and considered CLOSED and TERMINATED. SO ORDERED. ~- ~. o~ AE~ s~~ticUeY ERNESTO D. ACOSTA Presiding Justice