MANILA NORTH TOLLWAYS CORPORATION v. COMMISSIONER OF INTERNAL REVENUE

REPUBLIC OF THE PHILIPPINES COURT OF TAX APPEALS QUEZON CITY Third Division MANILA NORTH TOLLWAYS CTA Case No. 8055 CORPORATION, Petitioner, M e mb e rs : -versus- BAUTISTA, Chairperson PABON-VICTORINO, and RINGPIS-LIBAN,]]. COMMISSIONER OF Promulgated: INTERNAL REVENUE, Respondent. MAY 2 6 2014 X-- - - --------------- - -------------------- -7--P-:/y_C!-_1{- � RESOLUTION On September 18, 2013, this Court issued a Resolution submitting the above-captioned case for decision. On September 24, 2013, this case was raffled for Study and Report. On May 16, 2014, petitioner filed is "Motion to Withdraw Petition" citing as reasons therefore the Certificate of Approval with CA No. LT-CED- 116-14-00000221 issued by the BIRon April 3, 2014, certifying that petitioner's application for abatement on VAT for taxable years 2006 and 2007 had been approved. A study of the Certificate of Approval submitted by petitioner shows that the abated amount of P1,595,074,594.76 covers petitioner's alleged VAT liabilities for the year 2007, inclusive of the basic tax, interest, and compromise penalties in the amount of P584,593,585.82, the validity of which is being questioned before this Court. As both parties have already come to a mutually satisfying resolution of this case, this Court finds no further justiciable issue.

RESOLUTION Manila North Tollways Corporation vs. CIR CTA Case No. 8055 WHEREFORE, the "Motion to Withdraw Petition" is hereby GRANTED and the Petition for Review filed by petitioner Manila North Tollways Corporation is withdrawn. This case is now deemed CLOSED and TERMINATED. SO ORDERED. . FABON-VICTORINO ~--~ ~ L-...." MA. BELEN M. RINGPIS-LIBAN Associate Justice