Reopening of assessment allows reassessment of escaped tax bases subject to notice, approval and statutory limits.

The provision authorises reopening of assessment where an Assessing Officer, for reasons recorded in writing, believes any tax base has escaped assessment; requires service of a notice demanding a return within thirty days specifying reasons; lists circumstances constituting escaped assessment (including non-filing, understatement, scrutiny errors, judicial or Board directions, and search or requisition material); sets retrospective and limitation periods for notices; requires Commissioner approval before issue; and provides that reassessment orders follow on receipt or expiry of the return with reassessment scope and abatement consequences defined.

---

---

---