CTA Case No. 935 (Decision)

.. � PET:::tA M. VD : DE FSH:.iUDEZ and CONC~PCION MARTINEZ , Petitioners , - versus - C . ~ . A . CASE NO . 935 COM'�HSSION;�R OF INTERNAL REVENUE , Respondent . X- - - - - - - --X CONCEPCION MARTINEZ and PETRA M. VDAo DE FEHHANDEZ , Petitioners , - versus - C. T. h . CASE NO . 1262 COMHISSI ONER OF INTERi�JAL R~VENUE , Respondent . X- - - - --- ----X DECI S I 0 N On July 20 , 1960 , respondent assessed petitioners in the amounts of P45 , 726 . 37 , P41 , 990 o70 and P41 , 918 . 13 as corporate income tax, inclusive of administrative penalties and interests for failure to file income tax returns for the years 1951 to 1953 , the subject matter in C. T. A. No . 935 . Subsequently , on De c enber 20 , 1961 , another assessrrent was made against petitioners in the amounts of P24 , 849 . 65 , P33 , 590 . 08 , P29 , 898 . 70 , �50, 466 . 69 , P43, 162 . 80 and P46 , 412 o99 as income tax for the years 1954 t o 1959 , the subject matter in C. T. A. No . 1262 . Having failed to secure a reconsideration of the said assessments , petitioners appealed to this Court . Ttiese t1 3 8

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