https://www.taxtmi.com/acts?id=3278 If the Assessing Officer believes fringe benefits chargeable to tax have escaped assessment for a relevant assessment year, he may, subject to other statutory provisions, assess or reassess those fringe benefits and any additional fringe benefits discovered in the course of proceedings. The section expressly covers failure to file a return, understatement of value in a filed return, and cases where an assessment exists but the fringe benefits were under-assessed. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 24 Jun 2025 14:43:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3278 If the Assessing Officer believes fringe benefits chargeable to tax have escaped assessment for a relevant assessment year, he may, subject to other statutory provisions, assess or reassess those fringe benefits and any additional fringe benefits discovered in the course of proceedings. The section expressly covers failure to file a return, understatement of value in a filed return, and cases where an assessment exists but the fringe benefits were under-assessed. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3278