Chapter 1, Problem 37DQ

The official document issued by the CIR or his authorized representative authorizing the examination of taxpayer records is called: a.Authorization letter b.Letter Notice c.Letter of Authority d.Mission Order   Which is NOT a power of the Commissioner? a.The power to abandon previous rulings b.The power to enter into a compromise c.The power to issue revenue regulations d.The power to issue rulings of first impression

1. In view of the powers vested by the Tax Code to the Commissioner of Internal Revenue (CIR), the CIR accredited specific banks and authorized such as its agent in receiving payments of taxes. The act of the CIR is in keeping with the principle of: a. Administrative Feasibility b. Fiscal Adequacy c. Situs of Taxation d. Theoretical Justice

Statements of procedures that affect the rights and obligations of taxpayers or the public in general with respect to the application of the tax laws or tax information which should be a matter of public knowledge are released as:  a. Revenue Rulings b. Technical Advice Memoranda c. Private Letter Rulings d. None of the above