Practice question
What amounts does Section 253 expressly identify in the refund-or-credit claim?
- Only the taxpayer's unrelated business profits.
- Taxes and interests.
- Only the property's entire purchase price.
- Only future rental revenue.
- Every private lawyer's fee automatically without separate legal basis.
Legal references
- RA7160, LGC Sections139,145-146,150,157-163 and252-253: https://lawphil.net/statutes/repacts/ra1991/ra_7160_1991.html
- NFA v. City Government of Tagum, G.R.261472, May21,2024, EN BANC MAIN decision, realty-tax remedies: https://lawphil.net/judjuris/juri2024/may2024/gr_261472_2024.html
- RA12001, Real Property Valuation and Assessment Reform Act: https://lawphil.net/statutes/repacts/ra2024/ra_12001_2024.html
Answer this question in flashcards to review your response and continue practicing.