Self-assessment rule: a compliant tax return treats the declared tax as assessed on filing and notice deemed served. Where a return furnished with the prescribed information complies with the Act, the Commissioner is deemed on the day of filing to have assessed the tax payable for the amount shown, the return is treated as the notice of assessment under the Commissioner's hand and is deemed served the same day; this does not apply if the Commissioner has already made an assessment for the same tax period under another provision.
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.
Self-assessment rule: a compliant tax return treats the declared tax as assessed on filing and notice deemed served.
Where a return furnished with the prescribed information complies with the Act, the Commissioner is deemed on the day of filing to have assessed the tax payable for the amount shown, the return is treated as the notice of assessment under the Commissioner's hand and is deemed served the same day; this does not apply if the Commissioner has already made an assessment for the same tax period under another provision.
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