Practice question
What statutory evidentiary effect does 248(B) assign to the specified substantial underdeclaration?
- An irrebuttable criminal conviction.
- Prima facie evidence of a false or fraudulent return.
- Automatic acquittal of every tax offense.
- Proof of payment of all tax.
- A universal refund entitlement.
Legal references
- NIRC Sections204,206-208,222-223 and248-249, as applicable and amended: https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html
- RA11976 Sections41 and45, EOPT surcharge and specified concessions: https://lawphil.net/statutes/repacts/ra2024/ra_11976_2024.html
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