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JurisprudenceG.R. No. 162852 -

G.R. No. 162852 - PHILIPPINE JOURNALISTS, INC., VS. COMMISSIONER OF INTERNAL REVENUE.DECISION - Supreme Court E-Library

Cited Laws

RA 614RA 546RA 8424,RA 525,RA 130RA 1125,RA 1125
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TL;DR — Ruling

WHEREFORE, in view of all the foregoing, the instant Petition for Review is hereby GRANTED. Accordingly, the deficiency income, value-added and expanded withholding tax assessments issued by the respondent against the petitioner on December 9, 1998, in the total amount of P111,291,214.46 for the year 1994 are hereby declared CANCELLED, WITHDRAWN and WITH NO FORCE AND EFFECT. Likewise, Warrant of Distraint and/or Levy No.

Decision

Ruling

WHEREFORE, in view of all the foregoing, the instant Petition for Review is hereby GRANTED. Accordingly, the deficiency income, value-added and expanded withholding tax assessments issued by the respondent against the petitioner on December 9, 1998, in the total amount of P111,291,214.46 for the year 1994 are hereby declared CANCELLED, WITHDRAWN and WITH NO FORCE AND EFFECT. Likewise, Warrant of Distraint and/or Levy No. 33-06-046 is hereby declared NULL and VOID. SO ORDERED.

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