PRUDENTIAL BANK v. COMMISSIONER OF INTERNAL REVENUE

REPUBLIC OF THE PHILIPPINES Court ofTax Appeals QUEZON CITY ENBANC PRUDENTIAL BANK, C.T.A. EB NO. 331 (C.T.A. CASE NO. 7371) Petitioner, Present: -versus- ACOSTA, Presiding Justice CASTANEDA, JR., COMMISSIONER OF INTERNAL BAUTISTA, REVENUE, Respondent. UY, CASANOVA, and PALANCA-ENRIQUEZ~ JJ. Promulgated: JAN 2 8 2008 tfiKJ!~;!J~~ ~, � ~ f1, ~, X ------------------------------------------------------------------------------------ X RESOLUTION PALANCA-ENRIQUEZ, J.: On December 7, 2007, petitioner Prudential Bank filed a "Petition For Review" praying that the Amended Decision dated September 11, 2007 and Resolution dated November 7, 2007 of the First Division in C.T.A. Case No. 7371 be reversed and set aside. Subsequently, on December 17, 2007, petitioner filed the instant "Motion To Withdraw the Petition" praying that the petition be deemed withdrawn, in view of the compromise agreement between petitioner and respondent, and the corresponding payment made by petitioner, pursua~

C.T.A. EB NO. 331 2 (C.T.A. CASE NO. 7371) RESOLUTION to the aforesaid compromise. Attached to the motion is the Notice of Approval dated September 28, 2007 duly signed by Cesar Charlie Lim, OIC-Head Revenue Executive Assistant, LTS-Regular Large Taxpayers, BIR (Annex "C "). Finding the motion to be well taken, the same 1s hereby GRANTED. WHEREFORE, as prayed for, the petition is hereby deemed withdrawn, and the case is hereby considered CLOSED and TERMINATED. SO ORDERED. ~~tv~ ~�:?; v OLGA PALANCA-ENRIQUEZ Associate Justice WE CONCUR: L~.O~ ERNESTO D. ACOSTA Presiding Justice -,/ Q . ~/O"c".')~ 'l.. I 4v1A-n> ' (/.:.. ANITO C. CASTANEDA, JR. Associate Justice EA~ ~stic.eUY CAESA~SANOVA Associate Justice