Self assessment

(1) Every dealer liable to pay tax under this Act shall, after furnishing the return under sub-section (1) of section 16, pay the tax due and furnish a copy of the receipted challan to the prescribed authority. (2) The self-assessment made under sub-section (1) shall be deemed to be an assessment under this Act if the dealer complies with the following conditions: (a) the return is accompanied by proof of payment of tax; and (b) the self-assessment does not involve any claim for refund of tax. (1) Any assessee or other person objecting to an order of assessment or reassessment with or without penalty passed under this Act, or the rules made thereunder may, within the prescribed period and in the prescribed manner, appeal to the prescribed authority against such order of assessment or reassessment or penalty or both; Provided that no appeal shall be entertained by such authority unless 1l ts satisfied that twenty per cenrum of the tax assessed or such amount of tax as the appellant may admit to be due from him, whichever is greater bas been paid. (2) Subject to such rules as may be prescribed, the appellate authority may, in disposing of an appeal under sub-section (I) — (a) confirm, reduce, enhance or annul the assessment or penalty order, OI both; or (b) set aside the assessment or penalty order. or both. and direct the assessing authoriry to make a fresh assessment after making such further inquiry as may be directed by the appellate authority.