BEELINE HELICOPTERS, INC. v. COMMISSIONER OF INTERNAL REVENUE

REPUBLIC OF THE PHILIPPINES Court of Tax Appeals QUEZON CITY Second Division BEELINE HELICOPTERS, CTA CASE N0.10649 INC., Petitioner, -versus- Members: RINGPIS-LIBAN, Chairperson, COMMISSIONER OF MODESTO-SAN PEDRO, and INTERNAL REVENUE, FERRER-FLORES, JJ MARIDUR V. ROSARIO, REGIONAL DIRECTOR OF REVENUE REGION NO. 8A (MAKATI CITY) and ARNEL SD.GUBALLA,DEPUTY COMMISSIONER OF Promulgated: INTERNAL REVENUE, Respondents. NOV Z7 ZOZ4 X ----------------------------------------------------------------------------------------------------------------------- X RESOLUTION For the Court's resolution is petitioner's Motion to Withdraw Petition, filed on July 17, 2024, without any comment from respondents. 1 Petitioner manifests that, following its current board of directors, it seeks to compromise the subject assessment rather than pursue its judicial appeal. As such, it now wishes to withdraw the current petition. As per Commissioner of Internal Revenue v. Nippon Express (Phils.) Corporation, 2 an appeal before this Court may be withdrawn ( 1) at any time before the case is submitted for resolution; or (2) even after such submission and the filing ofthe appellee's brief or equivalent pleading, with the discretion of the Court. Considering that this case has not yet been submitted for decision, and given the withdrawal is sought for meritorious reasons, the Court deems it appropriate to grant the withdrawal. See Records Verification, dated October 9, 2024, Rollo, unpaginated. G.R. No. 212920, September 16, 2015 .

' RESOLUTION CT A CASE NO. I 0649 ..Page >2 of2 ' That said, the withdrawal of an appeal results in the assailed decision becoming final and executory.3 Consequently, the various issuances petitioner previously sought to annul shall become final and executory, any compromise reached by the parties notwithstanding. ACCORDINGLY, petitioner's Motion to Withdraw Petition, filed on July 17, 2024, is hereby GRANTED. The instant Petition for Review is deemed WITHDRAWN, and this case IS now CLOSED and TERMINATED. SO ORDERED. ~.~ ''--- MA. BELEN M. RINGPIS-LIBAN Associate Justice ON LEAVE CORAZON G. FERRER-FLORES Associate Justice Central Luzon Drug v. Commissioner ofInternal Revenue, G.R. No. 181371 , March 2, 2011 .