Amendment status not verified — confirm the current text below against the official source.
(1) \2) 195 ln cose no sotidoctory explonotion isfurnished within o period of thirty doys of being informed by the proper officer or such further period os moy be permitted by him or where the registered person, ofter occepting the discreponcies, foils to toke the conective meosure in his return for the month in which the discreponcy is occepted, the proper off icer moy initiote oppropriote oaion including those under sedion 65or section 66 or section 67, or proceed to determine the tox ond other dues under sedion 73 or section 74. Notwithstonding onything to the controry contoined in section 73 or section 74, where o registered person foils to iurnish the return under section 39 or section 45, even ofter the service of o notice under seaion z16, tre proper officer moy proceed to ossess the tox liobility of the soid person to the best of his judgement toking into occount oll the relevont moteriol which is ovoiloble orwhich he hos gothered ond issue on ossessment order within o period of five yeors from the dote specified under section 44 for Iurnishing of the onnuol return for the finonciol yeor to which the tox not poid relotes. Where the registered person furnishes o volid return wihin hirty doys of the service of the ossessment order under sub- section (l ), the soid ossessment order sholl be deemed to hove been withdrown but tre liobility for Assessment of nonfilers of returns. 196 poyment of interest under sub- section (l) of section 50 or lor poyment of lote fee under section 47 sholl continue.