ASIAN COLLEGE OF SCIENCE AND TECHNOLOGY FOUNDATION (DUMAGUETE), INC. v. SECRETARY OF FINANCE AND COMMISSIONER OF INTERNAL REVENUE

REPUBLIC OF THE PHILIPPINES COURT OF TAX APPEALS QUEZON CITY Third Division ASIAN COLLEGE OF SCIENCE CTA CASE N0.10366 AND TECHNOLOGY Members: RINGPIS-LIBAN, Chairperson, and FOUNDATION (DUMAGUETE), MODESTO-SAN PE DRO, ]]. INC., Petitioner, -versus- SECRETARY OF FINANCE and COMMISSIONER OF INTERNAL Promulgated: REVENUE, 2022 Respondent. }C- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - .-c---.-..----- 6-"-,.-"1--L-. -.. - -. ..., -. - - - -}C RESOLUTION For resolution is petitioner's Motion to Withdraw Petition for Review f.Ued on July 15,2022, which manifests that with the issuance of Revenue Regulations No.3- 2022 dated April 7, 2022, its petition has been rendered moot and academic relative to the issue of the definition of "non-profit." Comments flled by both respondents interposed no objection to the withdrawal of the petition. WHEREFORE, in the e}Cercise of the Court's discretion under Rule 50, Section 3 of the Rules of Court, the motion is GRANTED. The case is considered DISMISSED, withoutpassing upon any ofthe substantive issues raised. SO ORDERED. ~- ~ /L_ MA. BELEN M. RINGPIS-LIBAN Associate Justice