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Part III - Remedies: (B) Con Stru Ctiv e
Part III - Remedies: (B) Con Stru Ctiv e
Part III - Remedies: (B) Con Stru Ctiv e
1.
NIRC
method
s of
income
determ
ination
Skri
nvent
ory
metho
d for
incom
e
deter
minati
on
.
4
1eopa
rdy
assess
ment
(e)
Tax
delinq
uency
and
tax
defici
ency
(ii) P
o
w
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r
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t
h
e
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(iii) When
assess
ment is
made
(a) Presc
riptiv
e
perio
d for
asses
smen
t
(1
)
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ls
e,
fr
au
du
le
nt,
an
d
no
nfil
in
g
of
ret
ur
ns
(b) Susp
ensio
n of
runni
ng of
statut
e of
limita
tions
7.
(iv)General
provisions on
additions to
the tax
cf,c, 2.A.4 (a)
Civil penalties
l
artti.
Interest f. IMY4
(c) Com
prom
ise
pena
lties
a_
7
Tax audit
uct
e f informal conference
"
(v)
Assessment
process f
0'5
e
Issuance of preliminary assessment
notice
Exceptions to issuance of preliminary
assessment notice
Reply to preliminary assessment notice
1
g)
I
s
s
u
a
n
c
e
o
f
f
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n
o
t
i
c
e
(i) Dispu
ted
assess
ment
(j) Admi
nistra
tive
decisi
on on
a
dispu
ted
asses
smen
t
()
assessme
nt
""
of
assessment
by taxpayer
),I--)1
1
r
tested
assess
ment
.
1
4
e
.
n
to file
a
protes
t
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o
r
m
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o
f
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o
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TAXATION II
COURSE OUTLINE SY 2014-2015
Atty. Gail Joseph Santos
1