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CASE: Facts: ICC was assessed for deficiency income tax for the taxable Isabela Cultural Corp (ICC), a domestic corporation, year 1986 due to BIR’s disallowance of ICC’s claimed expense received an Assessment Notice for deficiency income…
CASE: Facts: ICC was assessed for deficiency income tax for the taxable Isabela Cultural Corp (ICC), a domestic corporation, year 1986 due to BIR’s disallowance of ICC’s claimed expense received an Assessment Notice for deficiency income… This granted Congress the specific power to impose an income tax without regard to apportionment among the states by population.
CASE: Facts: ICC was assessed for deficiency income tax for the taxable Isabela Cultural Corp (ICC), a domestic corporation, year 1986 due to BIR’s disallowance of ICC’s claimed expense received an Assessment Notice for deficiency income…
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