Generally where one corporation sells or otherwise transfers all of its assets to another corporation, the latter is not liable for the debts and liabilities of the transferor...
Its marking of the box "To be refunded" in its 2005 annual ITR constituted its exercise of the option, and from then onwards Rhombus became precluded from carrying-over the excess creditable withholding tax...
Applicability of Irrevocability Rule Under Section 76 of the Tax Code to Refund or Tax Credit Option
UPSI-MI constructively chose the option of carry-over, for which reason, the irrevocability rule forbade it to revert to its initial choice...
For VAT purposes, the gross receipts of an HMO do not include the amounts earmarked and actually spent for medical utilization of its members...
The letter of the law does not demand that the alien spouse should be the one who initiated the proceeding wherein the divorce decree...
The purpose of the business-enterprise transfer is to protect the creditors of the business by allowing them a remedy against the new owner...
An inspection of a public transport bus is a reasonable search, which is beyond the ambit of the constitutional protection...