Assessment of tax in case of escape from assessment

Assessment of tax in case of escape from assessment.

1. (1) If the assessing authority has reason to believe that the whole or any part of the sugarcane purchased by a factory has escaped assessment to tax or has been under-assessed or assessed at a lower rate, then the assessing authority may, at any time within five years from the end of the year in which the tax was due to be paid, serve on the owner of the factory a notice containing all or any of the requirements which may be included in a notice under sub-section
2. (2) of section 7 and may proceed to assess or re-assess the amount of the tax due from such owner and the provisions of this Act shall, so far as may be, apply as if the assessment or re-assessment were made in pursuance of the said section 7: Provided that the tax shall be charged at the rate at which it would have been charged if such sugarcane had not escaped assessment or full assessment.
3. (2) Nothing in sub-section
4. (1) shall be deemed to limit the time within which an assessment or re-assessment may be made to give effect to any finding or direction contained in an order passed by a Tribunal or a Court.