Cited Laws
TL;DR — Ruling
WHEREFORE, in light of the foregoing considerations, petitioner's Extremely Urgent Motion to Quash Warrant of Distraint and/or Levy and Suspend Collection of Taxes and/or Issuance of Temporary Restraining Order is hereby GRANTED. Accordingly, the Warrant of Distraint and/or Levy dated October 6, 2020 is hereby QUASHED and LIFTED.
WHEREFORE, in light of the foregoing considerations, petitioner's Extremely Urgent Motion to Quash Warrant of Distraint and/or Levy and Suspend Collection of Taxes and/or Issuance of Temporary Restraining Order is hereby GRANTED. Accordingly, the Warrant of Distraint and/or Levy dated October 6, 2020 is hereby QUASHED and LIFTED. Respondent is hereby ORDERED to CEASE AND DESIST from collecting the subject deficiency IT, VAT, EWT, and WTC for the taxable year 2010 in the aggregate amount of [PHP] 3,583,693,014.79, inclusive of surcharge and interest, pending the final disposition of this case. Further, the required cash deposit or bond provided under Section 11 of Republic Act No. 1125, is DISPENSED with. SO ORDERED.