BANK OF THE PHILIPPINE ISLANDS v. COMMISSIONER OF INTERNAL REVENUE

,. ,- REPUBLIC OF THE PHILIPPINES COURT OF TAX APPEALS QUEZON CITY FIRST DIVISION *********** BANK OF THE PHILIPPINE ISLANDS, C.T.A. CASE NO. 4481 Petitioner, Members: - versus - ACOSTA, Chairperson BAUTISTA, and CASANOVA, JJ. THE COMMISSIONER OF INTERNAL Promulgated: MA'2' REVENUE, - - - - - - - - - - - - - - - - - - - - - - - - - - Respondent. - - - - - - - - - - - - - - � x - -x RESOLUTION For resolution are: 1. respondent's "MOTION FOR ISSUANCE OF WRIT OF EXECUTION" filed on January 28, 2009; 2. petitioner's "SATISFACTION OF JUDGMENT" filed on February 20, 2009; and 3. respondent's "MANIFESTATION WITH MOTION TO WITHDRAW ISSUANCE OF WRIT OF EXECUTION" filed on February 24, 2009. Petitioner's "Satisfaction of Judgment," alleging that it paid the amount of Php3,546,832. 77 to respondent and that it has satisfied in full its judgment obligation in the above-captioned case, is hereby NOTED. 184

RESOLUTION C.T.A. CASE NO. 4481 Considering petitioner's satisfaction of judgment in the above-captioned case and respondent's manifestation that the total tax liability of petitioner had already been paid and satisfied in full, respondent's Motion to Withdraw the Issuance of Writ of Execution is hereby GRANTED. WHEREFORE, the above-captioned case is deemed CLOSED AND TERMINATED. SO ORDERED. tv. D..._ ERNESTO D. ACOSTA Presiding Justice CAESAR A. CASANOVA Associate Justice 185