Cited Laws
TL;DR — Ruling
WHEREFORE, premises considered, the instant Petition for Review is GRANTED . Accordingly, the assessment issued by respondent against petitioner for deficiency Income Tax and VAT for taxable year 2005 is CANCELLED and SET ASIDE and respondent is ordered to withdraw the Warrant of Distraint and Levy dated June 22, 2010. SO ORDERED.
WHEREFORE, premises considered, the instant Petition for Review is GRANTED . Accordingly, the assessment issued by respondent against petitioner for deficiency Income Tax and VAT for taxable year 2005 is CANCELLED and SET ASIDE and respondent is ordered to withdraw the Warrant of Distraint and Levy dated June 22, 2010. SO ORDERED.