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Commissioner Of Internal Revenue vs. Western Pacific Corporation 121 Phil. 889

COMMISSIONER OF INTERNAL REVENUE, petitioner, vs. WESTERN PACIFIC CORPORATION, respondent.

G.R. No. L-18804 | 1965-05-27

D E C I S I O N 


PAREDES, J.: 

On March 2, 1959, the respondent Western Pacific Corporation, was assessed for P3,731.00, as deficiency income tax for the year 1953. This assessment was brought about by the disallowance of P8,265.82, listed in respondent's return for 1953, as expense items, and P10,387.50, as written off "bad debts." The assessment was received by respondent on the same date (March 2, 1959). On March 5, 1959, the Commissioner of Internal Revenue wrote the respondent corporation a letter of demand for the payment of the amount, including therein a breakdown of said assessment. Under date of June 29, 1959, respondent...