Assessment of non filers may be made to the best judgment; subsequent valid filing withdraws the assessment but interest remains. Where a registered person fails to furnish the return after notice, the proper officer may assess tax liability to the best of his judgement using available material and issue an assessment order; if a valid return is furnished within thirty days of service of that order, the order is deemed withdrawn though interest and late fee liabilities continue.
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 may be made to the best judgment; subsequent valid filing withdraws the assessment but interest remains.
Where a registered person fails to furnish the return after notice, the proper officer may assess tax liability to the best of his judgement using available material and issue an assessment order; if a valid return is furnished within thirty days of service of that order, the order is deemed withdrawn though interest and late fee liabilities continue.
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