Practice question
What response opportunity is discussed in Prime Steel for a taxpayer receiving a PAN where no exception applies?
- Only one hour
- Fifteen days from receipt under the governing assessment rules
- Only after the tax is sold at auction
- No response can be made
- A period selected privately by the auditor
Legal references
- Prime Steel Mill, Inc. v. CIR, G.R. No. 249153, September 12, 2022, main decision: https://lawphil.net/judjuris/juri2022/sep2022/gr_249153_2022.html
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