Security

Tax200032 of 28 sections available

Statutory text

(1) The amount of security demanded under sub-section
(1) for it shall not, unless the assessee is in default of filing of return or payment of tax due according to the returns filed by him, exceed an amount equivalent to the tax anticipated to be payable by the assessee for a year: Provided that the assessing authority shall have power to demand at any time additional security if it has reasons to believe that the security obtained was not sufficient after affording the assessee an opportunity of being heard.

Study data processing for this section.

Some statutory text is still being prepared for this language version.

PDF: pending for this language.