Assessment of non-filers: officer may assess to best judgement; subsequent valid return withdraws order, interest and late fee persist. Section 62 authorises the proper officer to make a best judgment assessment of a registered person who fails to furnish returns after notice and to issue an assessment order within the statutory assessment period measured from the date prescribed for the annual return; if a valid return is furnished within the short period after service of the assessment order, the assessment is deemed withdrawn but interest and late fee liabilities continue to apply.
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.
Assessment of non-filers: officer may assess to best judgement; subsequent valid return withdraws order, interest and late fee persist.
Section 62 authorises the proper officer to make a best judgment assessment of a registered person who fails to furnish returns after notice and to issue an assessment order within the statutory assessment period measured from the date prescribed for the annual return; if a valid return is furnished within the short period after service of the assessment order, the assessment is deemed withdrawn but interest and late fee liabilities continue to apply.
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