Assessment of non-filers: officer may assess tax to best judgment; valid return within thirty days withdraws order. The proper officer may, notwithstanding other assessment provisions, assess the tax liability of a registered person who fails to furnish returns to the best of his judgement and issue an assessment order within five years from the due date for the annual return; if a valid return is filed within thirty days of service of the assessment order the order is deemed to have been withdrawn, but interest and late fee liabilities remain.
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 tax to best judgment; valid return within thirty days withdraws order.
The proper officer may, notwithstanding other assessment provisions, assess the tax liability of a registered person who fails to furnish returns to the best of his judgement and issue an assessment order within five years from the due date for the annual return; if a valid return is filed within thirty days of service of the assessment order the order is deemed to have been withdrawn, but interest and late fee liabilities remain.
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