(1) If any person- rnfault

assessment of

1. (a) has not furnished returns required under this Regulation by the prescribed tax payable. date; or

1. (6) has furnished incomplete or incorrect returns; or
   • (c) has furnished a return which is not accompanied by the documents required to be filed alongwith the return under this Regulation or rules made thereunder; or
   • (d) has furnished a return which is not in comformity with the provisions ofthis Regulation or rules made thereunder, the Commissioner may, for reasons to be recorded in writing, assess or re-assess to the.best of his judgment the amount of net tax due for any tax periodor tax periods.
2. (2) Where the Commissioner has made an assessment under sub-section (I), the Commissioner shall forthwith serve on concerned person a notice ofsssessment oftheamount of any additional tax due for that tax period.
3. (3) Where the Commissioner has made an assessment under sub-section (I) and subsequently any further tax is assessed as due, the amount of further tax so assessed as due shall also be payable on the same date being the date on which the net tax for the tax period was due.