Practice question
A taxpayer receives a lawful constructive-distraint notice over identified machinery and signs the preservation receipt. The machinery remains on the premises. May the taxpayer dispose of it merely because officers did not physically remove it?
- No; constructive distraint imposes the statutory preservation and nondisposal obligation
- Yes, physical removal is essential to every restriction
- Yes, the receipt has no legal effect
- Yes, if the buyer pays cash
- Yes, if the owner prefers a different machine
Legal references
- NIRC Section 206: https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html
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