Assessment of unregistered persons: tax authority may assess liability to best judgment and issue order after hearing. The proper officer may assess the tax liability of a person liable to register but unregistered, or whose registration was cancelled yet remained liable ... Summary
Assessment of unregistered persons: tax authority may assess liability to best judgment and issue order after hearing.
The proper officer may assess the tax liability of a person liable to register but unregistered, or whose registration was cancelled yet remained liable to tax, to the best of his judgment for relevant tax periods and issue an assessment order within a prescribed period measured from the annual return due date, provided the person is given an opportunity of being heard.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.