Court acquits Cedric Lee of tax evasion anew

Credit to Author: Tempo Desk| Date: Thu, 31 Oct 2019 04:07:36 +0000

CEDRIC Lee

Controversial businessman Cedric Lee was cleared anew of tax evasion by the Court of Tax Appeals (CTA) for the failure of the Bureau of Internal Revenue (BIR) to present the original copies of the income tax return (ITR) of his company during the trial.

Also acquitted of the same offense were John Ong and Judy Lee key officials of Izumo Construction accused of underdeclaration of income tax by more than P74 million from the 2006 to 2009.

The full court affirmed the decision of its Second Division that presentation of photocopies of the ITRs was inadmissible under Section 320 of the Revised Rules of Court.

The court stated “the original documents must be produced whenever the contents are the subject of inquiry.”

It noted the BIR did not offer an explanation why it was not able to produce the documents
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