Direct assessment and recovery permitted against beneficial owners of undisclosed foreign income and assets, enabling tax enforcement. Section 14 preserves the authority to undertake direct assessment and tax recovery against the person who is the beneficial recipient of undisclosed foreign income or who holds undisclosed foreign assets, affirming that this Chapter does not bar assessing liability or recovering tax and other sums payable in respect of such income and assets.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Direct assessment and recovery permitted against beneficial owners of undisclosed foreign income and assets, enabling tax enforcement.
Section 14 preserves the authority to undertake direct assessment and tax recovery against the person who is the beneficial recipient of undisclosed foreign income or who holds undisclosed foreign assets, affirming that this Chapter does not bar assessing liability or recovering tax and other sums payable in respect of such income and assets.
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