Amendment status not verified — confirm the current text below against the official source.
If for any reason any agricult11ral income caping assess-chargeable to agricultural income-tax has escaped ment. assessment for any financial year, or has been assessed at too low a rate, the Agricultural Income-tax Officer may, at any time within three years of the end of that financial year, serve on the person liable to pay agricultural income- tax on such agricultural income or, in the case of a company on the principal officer thereof, a notice containing all or any of the requirements which may be included in a notice under sub- section (2) of section 19, and may proceed to assess or reassess such income, and the provisions of this Act shall, so far as may be, apply accord- ingly as jf the notice were a notice issued under that sub-section : Provided that the tax shall be charged at the rate at which it would have been charged if IX of 1908. 0 0 such income had not escaped assessment or full assessment, as the case may be : Provided further that ·when the income, profits or gains conct"med arc agricultural income, profits or gains liable to as~essmcn t for a year ending prior to the commencement of this Act, or where the asscssm<·nt made or to be made is an assessment made or to be made on a person deemed to be the agent of a non-resident person, this sub-section shall have effect as if for the period of Lhrce years a period of one year wet·e substituted. Rectification 31 .(1) The authority which pas~cd an order on ofmistakes. appeal or J'CviC\\ may, at any time within three years from the date of such order, and the Agricultural lncome-tax Officer may at any time within three years from the date of any assessment order passed by him, of his own motion, rectiFy any mistake apparent from the record of the appeal or assessment, as the case may be, and shall within the like period rectify any such mistake as has been brought to his notice by ;.m assessee: Provided that no such rectification shall be made having the effect of enhancing the asse~s ment, unless the appellate authority or the Agricultural Income-tax Officer, as the case may be, bas given notice to the assessee of his intention so to do and has allowed him a reasonable opportunity of being heard; (2) Where any such rectification has the effect of reducing the assessment, the Agricultural Income-tax Officer shall make any refund which may be due to such assessee (3) Where any such rectification has the effect of enhancing the assessment, lhe Agricultural Income-tax Officer shall serve on the assessee a notice of demand in the prescribed form speci- fying the sum payable, and such notice of demand shall be deemed to be issued under section 19, and the provisions of this Act shall apply accordingly. Tax to be