Assessing Officer powers to require documents and determine commodities transaction tax, with time limited assessments and refund duties.

The Assessing Officer may require any assessee who furnished a return under section 102 or was served a notice to produce specified accounts, documents or evidence, and may issue further notices for additional material. After considering such material and other relevant information, the Assessing Officer shall, by written order, assess the value of taxable commodities transactions for the relevant financial year and determine the commodities transaction tax payable or refund due, subject to the two year limitation.

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