Assessment of non filers may be made to the best judgment; subsequent valid filing withdraws the assessment but interest remains. Where a registered person fails to furnish the return after notice, the proper officer may assess tax liability to the best of his judgement using ... Summary
Assessment of non filers may be made to the best judgment; subsequent valid filing withdraws the assessment but interest remains.
Where a registered person fails to furnish the return after notice, the proper officer may assess tax liability to the best of his judgement using available material and issue an assessment order; if a valid return is furnished within thirty days of service of that order, the order is deemed withdrawn though interest and late fee liabilities continue.
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