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    Bonifacia Sy Po Vs CTA

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    Carl Montemayor
    The document discusses a tax assessment case from 1988. It summarizes that the petitioner protested a tax deficiency assessed against her late husband's business after the business failed to produce its books for an investigation. The Court of Tax Appeals and Commissioner of Internal Revenue upheld the assessment, citing the tax code provision allowing the Commissioner to make assessments based on the best evidence available when required tax reports are not submitted or are incomplete. The court found the assessment valid since the business persistently failed to present its books for examination.

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    Bonifacia Sy Po Vs CTA

    Uploaded by

    Carl Montemayor
    658 views2 pages
    The document discusses a tax assessment case from 1988. It summarizes that the petitioner protested a tax deficiency assessed against her late husband's business after the business failed to produce its books for an investigation. The Court of Tax Appeals and Commissioner of Internal Revenue upheld the assessment, citing the tax code provision allowing the Commissioner to make assessments based on the best evidence available when required tax reports are not submitted or are incomplete. The court found the assessment valid since the business persistently failed to present its books for examination.

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    bonifacio sy po vs cta

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    Bonifacia Sy Po vs CTA

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    The document discusses a tax assessment case from 1988. It summarizes that the petitioner protested a tax deficiency assessed against her late husband's business after the business failed to produce its books for an investigation. The Court of Tax Appeals and Commissioner of Internal Revenue upheld the assessment, citing the tax code provision allowing the Commissioner to make assessments based on the best evidence available when required tax reports are not submitted or are incomplete. The court found the assessment valid since the business persistently failed to present its books for examination.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    658 views2 pages

    Bonifacia Sy Po Vs CTA

    Uploaded by

    Carl Montemayor
    The document discusses a tax assessment case from 1988. It summarizes that the petitioner protested a tax deficiency assessed against her late husband's business after the business failed to produce its books for an investigation. The Court of Tax Appeals and Commissioner of Internal Revenue upheld the assessment, citing the tax code provision allowing the Commissioner to make assessments based on the best evidence available when required tax reports are not submitted or are incomplete. The court found the assessment valid since the business persistently failed to present its books for examination.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    Applicable Doctrine: Power/Remedy for assessment G.R. No. 81446 August 18, 1988 BONIFACIA SY PO, petitioner, vs.

    . HONORABLE COURT OF TAX APPEALS AND HONORABLE COMMISSIONER OF INTERNAL REVENUE, respondents Facts: Petitioner is a widow of the deceased Po Bien who was the sole proprietor of Silver Cup Wine Factory for the taxable years of 1964- 1972. An investigation was conducted against Silver Cup and a letter subpoena was issued against it for examination. The books however were not produced and this prompted the team to seize the books. Later on, a deficiency was assessed. This was then protested but on reinvestigation, the team recommended the reiteration of the assessment in view of the taxpayer's persistent failure to present the books of accounts for examination. Issue: WON the assessment is valid. Discussion: Sec. 16. Power of the Commissioner of Internal Revenue to make assessments. xxx xxx xxx (b) Failure to submit required returns, statements, reports and other documents. When a report required by law as a basis for the assessment of an national internal revenue tax shall not be forthcoming within the time fixed by law or regulation or when there is reason to believe that any such report is false, incomplete, or erroneous, the Commissioner of Internal Revenue shall assess the proper tax on the best evidence obtainable. In case a person fails to file a required return or other document at the time prescribed by law, or willfully or otherwise, files a false or fraudulent return or other documents, the Commissioner shall make or amend the return from his own knowledge and from such information as he can obtain through testimony or otherwise, which shall be prima facie correct and sufficient for all legal purposes. The law is specific and clear. The rule on the "best evidence obtainable" applies when a tax report required by law for the purpose of assessment is not available or when the tax report is incomplete or fraudulent. In the instant case, the persistent failure of the late Po Bien Sing and the herein petitioner to present their books of accounts for examination for the taxable years involved left the Commissioner of Internal Revenue no other legal option except

    to resort to the power conferred upon him under Section 16 of the Tax Code. Thus, where the taxpayer appeals to the erroneous assessment, it is incumbent upon him prove there what is the correct and just liability by a full and fair disclosure of all pertinent data in his possession. Otherwise, if the taxpayer confines himself to proving that the tax assessment is wrong, the tax court proceedings would settle nothing, and the way would be left open for subsequent assessments and appeals in interminable succession. Held: Petition DENIED.

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