Practice question
A taxpayer refuses to submit a required report and the available evidence supports use of Section6(B). It argues that the CIR must always accept nonfiling and may never assess using best evidence obtainable. Which is correct?
- Nonfiling necessarily extinguishes the tax liability.
- The Code permits the stated best-evidence determination in its specified circumstances.
- The CIR must always choose a random unsupported figure.
- Every third-party record becomes legally irrelevant.
- Only Congress may individually compute every assessment.
Legal references
- NIRC, Sections 5-7,22-23 and32, as enacted in RA8424 and subject to the cited later amendments: https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html
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