(vi) Prescriptive period for recovery of tax erroneously or illegally collected 97 | P a g e 2010-2015 Taxation Law Bar Examinations As a general…

The question

(vi) Prescriptive period for recovery of tax erroneously or illegally collected 97 | P a g e 2010-2015 Taxation Law Bar Examinations As a general rule, within what period must a taxpayer elevate to the Court of Tax Appeals a denial of his application for refund of income tax overpayment? (2011 Bar Question)

1. A.Within 30 days from receipt of the Commissioner’s denial of his application for refund.
2. B.Within 30 days from receipt of the denial which must not exceed 2 years from payment of income tax.
3. C.Within 2 years from payment of the income taxes sought to be refunded.
4. D.Within 30 days from receipt of the denial or within two years from payment.

This question has not been answered yet.