G.R. No. 280165 - COMMISSIONER OF INTERNAL REVENUE AND LT COLLECTION ENFORCEMENT AGENCY, VS. SECOND DIVISION OF THE HON. COURT OF TAX APPEALS AND AMERICAN WIRE & CABLE CO., INC..

Ruling

Accordingly, petitioner is hereby ORDERED to, within 10 days from receipt hereof, either (a) file CASH BOND equal to the principal amount of the deficiency taxes (i.e., basic deficiency taxes) or in the amount of P20,086,920.39, OR (b) post a SURETY BOND equivalent to 1.5 of the said amount or P30,130,380.59, in accordance with CTA En Banc Resolution No. 02-2015. . . . . Meanwhile, petitioner's Urgent Motion to Lift Warrant of Distraint and/or Levy is hereby HELD IN ABEYANCE, pending the final determination of the merits of the case. SO ORDERED.