It is a mode of acquiring ownership and other real rights through lapse of time in the manner and under the conditions prescribed by law. Prescription Assessment Collection Injunction Question 28 2 pts In April 2016, Carlos filed his annual income tax return for taxable year 2015. In January 2020, the BIR discovered that Carlos failed to declare income he received from a large taxpayer. That income was more than 30% of the amount declared in his income tax return. Which of the following is correct? BIR can still make an assessment because Carlos filed a fraudulent return. BIR can no longer make an assessment because it is already beyond the 3 -year prescriptive period. BIR can no longer make an assessment because Carlos filed already his income tax return and that is considered final and can no longer be contested by the BIR. BIR can still make an assessment because the prescriptive period in this case is 5 years. Question 29 2 pts The taxpayer seasonably filed his protest together with all the supporting documents. It is already July 31,2021 , or 180 days from submission of the protest but the BIR Commissioner has not yet decided his protest. Desirous of an early resolution of his protested assessment, the taxpayer should file his appeal to the Court of Tax Appeals not later than August 30, 2021 August 31, 2021 August 15, 2021 August 1, 2021