Professional Documents
Culture Documents
income for the said year. The full amount of P124,510.43 was
considered as taxable income because the appellant could not
produce the books of account on the same upon which any
deduction could be based.
Adding up the above two items considered as unreported income
the appellee assessed the appellant the total sum of P340,179.84,
broken down as follows:
Net income as per return
P9,352.84
P492,531.93
Local Sales
124,510.43
536,582.61
545,935.45
4,500.00
P541,435.45
P226,897.73
111.17
P226,786.56
113,393.28
P340,179.84
==========