This case has been cited 1 times or more.
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2015-09-14 |
JARDELEZA, J. |
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| In any case, the rationale for the disallowance of deductions in the proceedings below, i.e., the amounts being claimed did not appear in UIC's audited financial statements, is consistent with established jurisprudence. In Asia Brewery v. TPMA,[39] we held: In Restaurante Las Conchas v. Llego, several employees filed a case for illegal dismissal after the employer closed its restaurant business. The employer sought to justify the closure through unaudited financial statements showing the alleged losses of the business. We ruled that such financial statements are mere self-serving declarations and inadmissible in evidence even if the employees did not object to their presentation before the Labor Arbiter. Similarly, in Uichico v. National Labor Relations Commission, the services of several employees were terminated on the ground of retrenchment due to alleged serious business losses suffered by the employer. We ruled that by submitting unaudited financial statements, the employer failed to prove the alleged business losses, viz: | |||||