These statements are presented to you for evaluation: Statement I - If a taxpayer is found to be liable for deficiency tax or taxes in the course of an investigation or audited conducted by a Revenue Officer, the taxpayer shalt be informed through a Notice of Discrepancy. Such Notice aims to fully afford the taxpayer with an opportunity to present and explain his side on the discrepancies found. The taxpayer shall then have ten days from the date of his receipt of the Notice of Discrepancy to explain his side. Statement II - The Discussion of Discrepancy shall in no case extend beyond thirty (30) days from receipt of the Notice of Discrepancy In your evaluation of the foregoing statements:

Group of answer choices

Only Statement I is true.

Both statements are false.

Only Statement II is true.

Both statements are true.