Practice question
Under 203's ordinary rule for court collection without assessment, what happens after the prescribed limitation period expires absent an exception?
- Every court action becomes timeless automatically.
- Such a court proceeding cannot be begun after that period.
- The taxpayer must select a new deadline.
- The period applies only to private loans.
- Only the defendant's age matters.
Legal references
- NIRC Sections203,220,222 and253, as applicable: https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html
- CIR v. QL Development, Inc., G.R.258947, March29,2022, MAIN: https://lawphil.net/judjuris/juri2022/mar2022/gr_258947_2022.html
Answer this question in flashcards to review your response and continue practicing.