https://www.taxtmi.com/acts?id=10944 The provision authorises reopening of assessment where an Assessing Officer, for reasons recorded in writing, believes any tax base has escaped assessment; requires service of a notice demanding a return within thirty days specifying reasons; lists circumstances constituting escaped assessment (including non-filing, understatement, scrutiny errors, judicial or Board directions, and search or requisition material); sets retrospective and limitation periods for notices; requires Commissioner approval before issue; and provides that reassessment orders follow on receipt or expiry of the return with reassessment scope and abatement consequences defined. en-us Thu, 20 Aug 2009 13:19:10 +0530 Thu, 20 Aug 2009 13:19:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10944 The provision authorises reopening of assessment where an Assessing Officer, for reasons recorded in writing, believes any tax base has escaped assessment; requires service of a notice demanding a return within thirty days specifying reasons; lists circumstances constituting escaped assessment (including non-filing, understatement, scrutiny errors, judicial or Board directions, and search or requisition material); sets retrospective and limitation periods for notices; requires Commissioner approval before issue; and provides that reassessment orders follow on receipt or expiry of the return with reassessment scope and abatement consequences defined. Act-Rules Bills Thu, 20 Aug 2009 13:19:10 +0530 https://www.taxtmi.com/acts?id=10944