MICHAEL INCORPORATED v. COMMISSIONER OF INTERNAL REVENUE

REPUBLIC OF THE PHILIPPINES COURT OF TAX APPEALS QUEZON CITY FIRST DIVISION MICHAEL, INCORPORATED, C.T.A. CASE NO , 6544 Petitioner, Members: - versus - ACOSTA, Chairman BAUTISTA, and CASANOVA, ll. COMMISSIONER OF INTERNAL Promulgated: REVENUE, AUG 25 2005 4~1;?~~ Respondent. x------------------------------------------------x RESOLUTION Confirming the order ofthis court on August 11, 2005, petitioner's "Motion to Withdraw," filed on August 5, 2005, is hereby GRANTED considering that the respondent has accepted petitioner's application-offer for compromise settlement pursuant to Sec. 204 of the National Internal Revenue Code upon payment of the amounts of P1,059,634.80, representing the compromise settlement of Income Tax liability for the year 1997; P41,989.83, representing the compromise settlement of Value-Added Tax liability for the year 1997; and P15,000.00, representing the Withholding Tax Compromise Penalty for the year 1997. ACCORDINGLY, the petition for review filed by the petitioner on October 4, 2002 is hereby WITBDRAWN and this case is considered CLOSED AND TERMINATED. SO ORDERED. Q___\.Q.~ Associate Justice ERNESTO D. ACOSTA Presiding Justice CAESA~SANOVA Associate Justice