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32 Default assessment of tax payable
(1) If any person –
(a) has not furnished returns required under this Act by the prescribed date; or
(b) has furnished incomplete or incorrect returns; or
(c) has furnished a return which does not comply with the requirements of this
Act; or
(d) for any other reason the Commissioner is not satisfied with the return
furnished by a person;
the Commissioner may for reasons to be recorded in writing assess or reassess
to the best of his judgment the amount of net tax due for a tax period 1[or more
than one tax period by a single order so long as all such tax periods are comprised in
one year.]
[(1A) If, upon the information which has come into his possession, the Commissioner
is satisfied that any person who has been liable to pay tax under this Act in respect of any
period or periods, has failed to get himself registered, the Commissioner may for reasons
to be recorded in writing, assess to the best of his judgment the amount of net tax due for
such tax period or tax periods and all subsequent tax periods.]
(2) Where the Commissioner has made an assessment under this section, the
Commissioner shall forthwith serve on that person a notice of assessment of the
amount of any additional tax due for that tax period.
(3) Where the Commissioner has made an assessment under this section and
further tax is assessed as owed, the amount of further tax assessed is due and payable
on the same date as the date on which the net tax for the tax period was due.
Explanation.- A person may, if he disagrees with the notice of assessment,
file an objection under section 74 of this Act.
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