CTA Case No. 531 (Resolution)

,, II'U.if"UBLIC 01" .THE . PHILIPP COURT OF TAX PEALS ,MA,N.IJ..4 �'' . YUE CHUNG K~ . NG , Petitloner ,, - versus - C.I.A. CASE NO . 531 Cu~fiiSSiuNER UF INTERNAL REVE UE , Respondent . X - - ... - - � - .. - - X RESvLUTIUN Acting upon the 11 Joint Motion To Dismis s 1' of the p�rties filed before this Court on .A.ugust 26 , 1959 , �nd it �ppe�ring therein th�t the origin�l �ssessment of ~709 , ll2.u2 as �dv�nce s�1es t�x on loose di�mond stones �nd other jewelry belonging to petitioner Yuen Chung Kwong w�s subsequently reconsidered and reduced to ~ 19,189.54 by respondent Commissioner of Intern�l Revenue on the �1le - g�tion that upon further verific�tion and reapprais�l of the s�me , the v�luables were found by s�id official to be worth only 63 , 325. 50 and not ll0 , 579 . 8V as originally �ppraised; and , it appearing further th�t the petitioner Yuen Chung Kwong is �greeable to the revised and modified assessment of �19 , 189.54 for advance s�les tax and h�s ful+ Y p�id the same under fficia1 Receipt No . 517806 dated June 18, 1959. /AS JviNTLY P YED FvR , let the above-entitled case be, a s it is hereby dismissed by mutu�l �greement of the ~ parties , without pronouncement as to costs . SQ vRDERED . Manila , September 3, 1959 . 'E CO GlJli:; Presiding Judge HUMAN vl. UMALI Associate Judge