Assessment of tax

Assessment of tax.—

1. (1) If the Commissioner is satisfied that the return furnished by an owner of a factory in respect of any period is correct and complete, he shall assess the tax on the basis of such return.
2. (2) If the Commissioner is not satisfied that the return furnished by an owner of a factory is correct and complete, he shall serve on such owner a notice in the prescribed form, requiring him on a date and at a place to be specified therein, to attend and to produce such books, accounts and other documents as the Commissioner may require in support of the said return.
3. (3) On the date specified in the notice, or as soon as may be thereafter, the Commissioner shall, after considering such evidence as may be produced by such owner and such other evidence as the Commissioner may require, assess the amount of tax due from such owner.
4. (4) If an owner of a factory fails to comply with the terms of any notice issued under sub-section (2), the Commissioner shall assess, to the best of his judgment, the amount of the tax due from him.