Section 41
SEC. 41. Proceedings before the Board of Tax Appeals and the Department Head.-The Board of Tax Appeals shall hold such number of sessions as may be authorized by the Secretary of Finance, shall hear all appeals duly transmitted to it, and shall decide the same forthwith. It hall have authority to cause to be amended the listing and valuation of the property in respect to which any appeal has been perfected by order signed by the board or a majority thereof, and transmit it to the city assessor who shall amend the tax list in conformity with said order. It shall also have power to revise and correct, with the approval of the Department Head first had, any and all erroneous or unjust assessments and valuations for taxation, and make a correct and just assessment and state the true valuation, in each case when it decides that the assessment previously made is erroneous or unjust. The assessment when so corrected shall be as lawful and valid for all poses as though the assessment had been made within the time herein prescribed. Such reassessment and region shall be made on due notice to the individual concerned who shall be entitled to be heard by the Board Appeals before any reassessment or revaluation is The decision of the Board of Tax Appeals shall be less the Department Head declares the decision re-opened for review by him, in which case he may make such revision or revaluation as in his opinion the circumstances justify. Such revision when approved by the President of The Philippines shall be final.